I've been looking for a few months at purchasing a PSL for investment purposes and I had a few questions since I'm a big fan, but not very informed on ticket values. So the PSL Im looking at is on the Texans website @ $59,999 for 2 seats row A section 108....now that's the ask, here are my questions 1. What was the original price paid assuming this is the original owner from back in 2002? 2.Are there any annual fees associated with a PSL besides purchase price? Are there are any fees ala transaction fees? 3.What is the face value of these seats? Im assuming under $150 correct bc a friend invited me last year in row M and I think it was slightly over $100? 4. Is this a good investment in your opinion? I did a quick search now and saw 2 second row seats behind these are going for $2,300 for the packers game....now this is buy it now price, I do not know if they will sell on EBAY 5.Also What is the deal with super bowl tix assuming texans go? Assuming super bowl is in houston again? I've done pretty well this past year plus with my ATM venture and Im looking at this as a solid return....If I can make at least $8k...$1000 per game total...this year off a $60k investment is 13% not counting potential playoff tix + a rise in PSL value this could be a fun investment. These particular seats have been available for abt 6 months on the texans site and I feel ready to make the plunge but was pondering what a good offer would be on my part? It seems $1,000 per game is a worst case scenario for such seats, and this seems like a great piece of "real estate" to own? What do you see the value of this piece of "real estate" in say 2020?
That sounds like a terrible deal. Those seats in reality aren't very good. In row A you can't see over the players on the sideline. Some people know this some don't. No way that person gets $1200 a ticket. They will prob sell for something like $650-700 and that's the Packers. It doesn't get better than that for a regular season game. $60k seems way too much to me. Especially since they are worthless in 20 years when you have to renew.
ok explain the renew? See I wanted some answers like that? I was assuming you paid $60K for life? I was thinking of even putting in a bid @ 50k...are these not lifetime investments?
From my understanding, you pay for the rights to buy tickets to that seat. That's the PSL portion. I think the transaction fee is 50 bucks or something. You should look at the worst game of the season. Not the Packers game. Packers game is the biggest home game of the year, kinda like the Steelers were the biggest home game of the year. From there, you still have to buy tickets for the season. I'd pay a bout 5000 for PSLs, that 60,000 is for a sucker, maybe you Eddie. Don't be that sucker.
http://texans.seasonticketrights.com/FAQs.aspx average price is 7,000 per seat in that section. because it's row A, you have to bump that up a bit.
No they are for 30 years and 10 years of it are gone. After 30 years you have to renew and the price will probably be much more steep than in 2001
but see Kam....I understand its way above market value, but that's the price you pay for prime real estate. My dad had 4 front row seats 1st base side astros for many years and I sold his world series tickets bc we couldn't go and I remember he got about 14k for 2 games total! I'm saying $60k seems steep initially but over a 5 year period you're looking at 40 games + a few playoff games hopefully.....so I'm assuming $1K/avg or about $500/seat which seems very conservative from what I'm seeing on EBAY. That's $40K + I assume another lets say 5 playoff games and $8-10k....That's a great return....I mean 10% a year on the low side is tremendous when Chase is giving you .04 a month per $10,000 in a savings account....I don't have any other investments lined up to look at and was contemplating this....appreciate your input alot man, I def don't want to be the sucker
Multiple issues here: 1. EBay is a terrible measure of ticket prices, unless you're looking at successful sold listings only. For starters, the vast majority of tickets on there go unsold. Second, EBay makes buyers compete, whereas Stubhub makes sellers compete. As a result, Stubhub has become a much more popular place for ticket transactions. Ideally, you want to look at tickets prices for SOLD tickets on Stubhub. Lots of people there also list for ridiculous prices, but most won't sell. If you try to list a ticket in that section, I believe you can see what the successful transaction prices have been. You can also look at completed listings on EBay to see how many have gone unsold and what price things actually did go for. 2. You're pricing these things in an ideal market - the Texans coming off their first playoff appearance and expecting a Superbowl type season. Chances are prices are pretty close to a peak. If the team sucks, those seat prices and your return will plummet. 3. Unlike putting money in a Chase savings account, you're losing the initial cost - so a 10% return is different than a 10% return in the stock market or anywhere else. You have to make up the initial 100% just to get to break even. If the other poster is right that your PSL will expire in 20 years, then that's something you have to consider in your ROI model. 4. You also need to consider the annual cash output you'll need to pay to buy the tickets themselves. Presumably, with those seats, you'll always be able to break even, but not all seats are that way. Just something to add into your calculations. Not saying it's a bad or good investment - I have no experience with PSLs - but in calculating your return, you don't want to do it just assuming all the best case scenarios.
Hey Major - Thanks for the input! your correct on all fronts... 1.The annual cash output is around $1K-1.2k for the season per seat, front row texans is nothing like courtside Rockets seats which can be up at near $4K per seat per game, they're under $150 I believe. 2.Another thing that had me curious was the Dalls Cowboys most expensive seat license starts at $50k per seat before they get to private individuals who would probably charge much more...granted the cowboys are America's team, still I see 2 "front row" seats at the 40 yard line as 2 of what 20-40 seats in the front row at that location and therefore always worthy of top dollar. 3. I had no idea abt license renewal, guess I was hoping to purchase and make some nice cash flow and sell in 8 years or so at say $80-100k...guess after reading here that doesn't sound realistic, but who knows Im gonna keep researching, might create acct on texans forum to ask and see what some of those guys think.
I share PSLs that are in section 107...on the 50 about 15 rows from the field. Last year was one of the first times we could sell tickets at a nice premium. Face value is 125 per ticket I believe and most games can be sold for 325-450 a ticket. There are only 8 games though...the 2 preseason games sold for 150 a ticket after fees
