The last time Floyd “Money” Mayweather put his undefeated record on the line against challenger Robert Guerrero for the WBC Welterweight title, “May Day” tickets for the event fell 59% since their on-sale and 32% in the last week (Friday – Friday). Mayweather tickets prices for Floyd Mayweather Jr. vs. Canelo Alvarez, also to be held at the MGM Grand, are showing their own trend the week leading up to the Las Vegas event.
On the heels of the win against Robert Guerrero on May 4, the 44-0 Mayweather announced his next fight would be September 14 against emerging star, Alvarez. The two-time Ring Fighter of the Year was guaranteed a record $41.5 million pocket. The 9/14 fight sold out 24 hours after the on-sale, earning the biggest gate ever at $19.9 million) and projecting record PPV numbers. Mayweather vs. Alvarez is shaping up to be the biggest fight in recent memory. When tickets for the Mayweather-Alvarez fight went on sale, prices averaged $4,086 on the secondary market (8% higher than they are today). Last Friday, tickets to the fight averaged $3,490, down $258 from two weeks prior. Today, the average price of Mayweather tickets for Saturday’s fight average $3,746, up $256 in the last six days.
The graph below shows the difference in average price between Floyd Mayweather Jr. vs. Robert Guerrero (May 4) and Floyd Mayweather Jr. vs. Canelo Alvarez (September 14) and the fluctuation in average price for tickets the week leading up to each fight. The biggest drop in Floyd Mayweather Jr. vs. Robert Guerrero tickets was from the Wednesday before the fight to Thursday (-$184). Similarly, the largest drop in Floyd Mayweather Jr. vs. Canelo Alvarez tickets was Wednesday to Thursday of this week (-$409); the difference is, the drop came after a large spike in price from Tuesday to Wednesday. While the best time to buy May Day tickets was the day before the event (which could still hold true for Saturday’s fight), the cheapest Mayweather vs. Alvarez tickets average came four days prior to the fight (Tuesday).
Image Credit: Marco Ugarte (AP)