After reading Biz of Baseball's commentary about the highest priced Yanks tix at $2,625 and how over the top expensive they are compared to other MLB tickets, I sauntered over to Stubhub.com to see what some good Opening Day tickets would cost by comparison. Let's just say it this way: Stubhub sellers either have never heard of this thing called "a Recession" or are in the same denial that Yanks officials appear to be...
Famous people, like actors and actresses, and not-as-famous-but-still-filthy-rich folks like AIG's bonus babies. THE place to been seen on April 16, 2009. I can see all of the Fox "plants" on TV now...
Wall Street titans still making ten digits a year.
Maybe someone will make me look foolish for questioning these prices and end up paying full asking price for these babies, but I'm betting we'll see some re-pricing as we get closer to Opening Day.
If you got 'em, I want 'em.
Then again, it could just be The Greater Fool Theory in full effect!!!!
...the assumption that they will be able to sell it later to "a bigger fool"; in other words, buying something not because you believe that it is worth the price, but rather because you believe that you will be able to sell it to someone else for an even better price.