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Organisers make it harder to resell tickets

LAS VEGAS — It will be more complicated to turn a quick resale profit on tickets to the fight on May 2 between Floyd Mayweather and Manny Pacquiao.

LAS VEGAS — It will be more complicated to turn a quick resale profit on tickets to the fight on May 2 between Floyd Mayweather and Manny Pacquiao.

Organisers are requiring buyers of tickets at Thursday’s limited public sale to pick them up in person in Las Vegas, beginning on Wednesday.

That means listing the ticket on the secondary market requires being there in person to pick it up, then selling it during the four days before the fight.

Chris Matcovich, spokesman for ticket aggregator TiqIQ, said this unusual requirement makes distribution easier for fight organisers and harder for the average person trying to resell.

“For brokers, this means they will have to make the trip to Vegas and fill the order in a hand-to-hand manner,” Matcovich said in an email.

Fewer than a thousand tickets will be sold publicly at price points ranging from US$1,500 (S$2,000) to US$7,500. There is a limit of four tickets per household.

The Ticketmaster website said tickets must be picked up at the MGM Grand Garden Arena with an identity card and the credit card that was used, with “no exceptions”.

Any tickets not claimed before 3pm (Pacific time) on the day of the fight will be released.

Tickets have been listed on speculation on some resale websites since the fight was announced in February. On TiqIQ the average price is US$10,973, slightly higher than this year’s Super Bowl (US$10,466).

The cheapest ticket is listed at US$4,477 and the most expensive at US$77,500.

The fight is expected to shatter previous boxing revenue records. Conservative estimates from promoters say the fight will produce at least US$300 million, split 60-40 in favour of Mayweather. BLOOMBERG

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