Demand for Pacquiao-Mayweather fight tickets increases

By , on April 8, 2015

pacquiao presser CHRIS FARINA 2
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MANILA — Even the boxing champ, Manny Pacman Pacquiao might have to adjust with the increasing demand and scarcity of tickets for his fight with Floyd Mayweather Jr.

Early last month, Top Rank CEO Bob Arum already pegged the ticket prizes for the fight at $7,500, $5,000, $3,000 and $1,500.

“We decided to boost it up because it’s better off to generate that money and put it in the gate than have the scalpers make the difference,” Arum told ESPN. “The demand was so heavy this was a no-brainer.”

The rates are higher than the initial estimate of $5,000, $3,000, $2,000 and $1,00 last February which may still increase as the fight draws near and the demand for tickets grows higher.

“Let me tell you, this whole thing is mind-boggling,” Arum told ESPN.

He also noted how prices of other goods and services including hotel rooms in Las Vegas have been going up as the fight draws near.

“You can’t get a room for under $1,000 a night. We have a show [on May 1] at the Cosmopolitan and we don’t know where we’re going to put the fighters,” he added in the same interview.