Tuesday, January 21, 2014

Super Bowl luxury suite going for $1 million: Report

Looking to keep warm at the Super Bowl could set you back a few bucks this year.

High-end Super Bowl suite prices hit the $1 million mark Monday — with frigid weather expected to push demand for the comfy indoor rooms at MetLife Stadium even higher.

An optimistic seller listed a luxurious climate-controlled suite for the Feb. 2 Seahawks-Broncos showdown at $1,019,000 on the secondary ticket market, and plenty of other sellers came in above the $500,000 mark, reported the N.Y. Post.

Many of the asking prices for Super Bowl XLVIII suites are double those of prior Super Bowls, which commanded $100,000 to $500,0000, market watchers said.

“The weather is a big factor,’’ Connor Gregoire, spokesman for Seatgeek.com, said of the sky-high prices for indoor seats. “It’s going to be cold, and being inside comes at a higher price.’’

An early forecast for the 6:30 p.m. EST  kickoff is for temperatures near the freezing mark.
Suite asking prices also are being driven by limited availability.

MetLife Stadium has 220 total suites, which go for about $350,000 a season, but about a third of the rooms were held off the market by NFL and Super Bowl brass, who sell them to sponsors or other high-rollers for upwards of $400,000.

The suites hold between 12 and 30 people, and include catering, bars, televisions, fireplaces, parking passes and pre-game party access.

The cheapest suite price among online sellers Monday was $318,000 for a room in the upper “nosebleed” area; most sellers were asking at least $500,000.

Even non-suite ticket offerings hit historic highs Monday. The asking price for the cheapest seat in the stadium was $2,096 on the secondary market. Face value for those seats is between $800 and $850.

The average ticket asking price was about $4,015.

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