CHARLOTTE, NC (WBTV) - If you’re looking to buy a ticket for the upcoming NBA All-Star Game in Charlotte, you’ll need close to $1000.
As of Wednesday night, the cheapest tickets to the game were being sold for around that amount on StubHub, an online ticket exchange company.
Charlotte sports fan Stephen Green says he paid $5000 for tickets to All-Star events in Charlotte. Green says he bought two tickets for the All-Star Saturday Night event and two tickets for Sunday’s All-Star game.
"It's gonna be huge and I'm like, ‘I got to be there’," said Green.
When questioned about the expensive tickets, Green explained that they’re worth the money in his opinion.
"It's a once in a lifetime thing so you got to be there. It's like going to the Super Bowl," he said.
Green said he’s been buying sports tickets from the same broker, Blair Richardson, for the past 11 years. Richardson owns and operates Ticket Preserve, selling tickets for a variety of concerts and sporting events across the country. Richardson said the secondary market is one of the only places to buy tickets to the NBA All-Star Game.
“The NBA restricts what they will sell to the public and it eventually trickles down to the secondary ticket market and then the secondary ticket market gets the bulk of the business," said Richardson.
TicketIQ, another secondary market ticket vendor, analyzes market ticket prices. They found the cheapest seats that can be purchased for the NBA All-Star Game in Charlotte cost around $1100. According to the company, that is 40 percent more expensive than the cheapest seats available at the NBA All-Star Game held at Madison Square Garden in 2015 and 60 percent more expensive than the cheapest seats available at the NBA All-Star Game held at the Staples Center just last year.
There is no firm reason as to why the Charlotte tickets are comparatively more expensive, but TIcketIQ Founder Jesse Lawrence thinks there could be several reasons why this is the case.
"People that are interested in going are paying top dollar to go because it is such a big event and who knows when there will be another one of these in Charlotte and people want to make sure they don't miss it,” said Lawrence in a phone interview with WBTV.
Richardson said that it all boils down to supply and demand.
"People wanna come see every single star. From Lebron James to the bench. Everybody is a star,” elaborated Richardson.