I had gotten a tip that NBA draft tickets do pretty well, and with Zion projected to be the number one pick, I thought it was a good risk/reward. This was before the ping pong ball lottery, which I think affected how I did. If New York had gotten the first pick (the event is in NY,) then I think the prices for the tickets would have held. They however tanked and I essentially lost 42% on the tickets.
So what happened? I should have known from before that the NBA is very good at pricing their market. I had bought nosebleed tickets and they were about $125 all in per ticket. Some tickets were $95 all in (those were just as brutal.) The NBA slow-released more tickets as the event neared and then they lowered the face of the tickets. Since TM won’t let you list for lower than the face of the tickets, then you couldn’t compete against the NBA’s newly released cheaper tickets THAT WERE BETTER THAN YOUR SEATS. And that’s why I took a beating on the tickets. Never again NBA… well played.