Ticket Prices for Jeter's Last Games Fly Out of the Park

Before you go, we thought you'd like these...
Before you go close icon
Baltimore Orioles v New York Yankees
Mike Stobe/Getty Images
If you want to witness Derek Jeter's final home game at Yankee Stadium on Thursday, be prepared to shell out a lot of cash. The average price to get into the Yankees game against the Baltimore Orioles is $845, according to the ticket aggregator TiqIQ.

The lowest price just to get into the ballpark is $362, which has risen from $220 less than a week ago. TiqIQ collects pricing information from a variety of ticket sellers. If have money to burn and want to get up close for the game, you could spend $9,700 and get a seat right behind the Yankees dugout.

"In terms of regular season games this is one of the most expensive we have seen in the history of the company," said TiqIQ Vice President Chris Matcovich. "With quantity dwindling and the game two days away, the price could continue to rise."

Last year's swan song for superstar reliever Mariano Rivera seems like a bargain compared to Jeter's sendoff. The average price for Rivera's last home game was $239, and the lowest price to get in was $59, according to an analysis by TiqIQ.

How About His Last Away Game?

If you don't want to pay New York money to get into Jeter's last home game, how about going to Fenway Park to see his final major league game? There, you can pay Boston money to see Jeter end his career, most likely on Sunday. The average price of ticket for that game is "only" $534 --and the highest average price for a regular season game at Fenway in at least five years, TiqIQ said.

It will cost about $250 just to get into the park. But not to be outdone by their New York rivals, the priciest seat at Fenway for Jeter's final game is listed for more than $10,000 -- just a hair above the priciest seat at his Yankee Stadium farewell.

The 10 Worst Financial Predictions of the Last 25 Years
See Gallery
Ticket Prices for Jeter's Last Games Fly Out of the Park

Bob Prechter is a Yale graduate and former Merrill Lynch analyst who successfully predicted the bull market of the early '80s and has been dead wrong ever since.

His most famous prediction came in a New York Times interview in 2010 where he warned of a stock market crash "worse than the declines of 2008 and early 2009 or the worst years of the Great Depression or the Panic of 1873."

At the time the Dow Jones industrial average (^DJI) was at 9,686.48, and he warned that it would be likely to fall below 1,000 over the next five years. Well, he still has one more year to fall from 17,000 and be proven correct.

It's hard to look around today and imagine a world without smartphones and tablets. But in 1992, on the heels of the first industry event designed to promote mobile devices, one giant in the tech industry predicted that they would never become a reality.

The idea of a personal communicator in every pocket is a "pipe dream driven by greed," declared Andy Grove, then CEO of Intel (INTC). Though he was considered a pioneer in the semiconductor industry, his lack of faith in mobile ultimately caused Intel to miss out on what a contemporary -- John Sculley, the CEO of Apple (AAPL) -- called the "the mother of all markets."

In the frenzied years of the late '90s, the stock market and particularly the Nasdaq were on fire. It was not unusual for a stock to move 25, 50 or even 100 points in a day. Secretaries were quitting their jobs to day-trade for a living, and it looked like the market would never come down.

It was this market environment that produced the infamous 1999 book, "Dow 36,000" written by James Glassman and Kevin Hassett. Though it predicted that the Dow would reach 36,000 within a few years, less than six months later the market topped -- and the dot-com crash began.

Barbara Corcoran is known today as one of the savvy deal makers on the hit show "Shark Tank." But in 2005, known for her success in the high-end New York City real estate market, she was asked pointblank in a Businessweek interview if there was a bubble in the market. "Of course there is no bubble. I think we are just getting started," answered the unabashed housing bull. "Bidding and overbidding are the norm of the day. So it's going to take a lot to slow this market down. Even if it does -- which I don't see the signs of -- it will still slow down slowly. That's not what bubbles do."

Apparently her shark senses were not yet fully developed, because the housing market topped only a few months later -- and $16.4 trillion in household net worth was lost over the following four years.

In late August of 2008, respected banking analyst and frequent CNBC guest Dick Bove upgraded Lehman Brothers to a "buy" rating. And even as the ill-fated bank's fortunes began to fade during the next few weeks, Bove championed the company as "undervalued" and it's balance sheet as "misunderstood.

On Friday, Sept. 12, as federal regulators met with the CEOs of U.S. and International firms to discuss Lehman's fate, Bove once again went on CNBC to declare the the government "would not let Lehman fail." Three days later it did just that, prompting one of the largest bankruptcies in U.S. history.

Author, CNBC personality and self-proclaimed investing expert Jim Cramer may have made perhaps the worst prediction in the history of the stock market. In early October of 2008, after the stock market had already dropped almost 50 percent, Cramer went on "Today" and told investors, "whatever money you need for the next five years, please take it out of the stock market."

For the record, the stock market bottomed a mere three months later, marking what most experts believe was a generational low, and five years later was up over 100 percent from "Mr. Booyah's" ill-timed call.

Using a name like the "Gloom, Boom and Doom Report," it's hard to believe that anyone would take Marc Farber seriously. Yet the the Swiss native who holds a Ph.D in economics, gets plenty of attention by the financial media. Of course that doesn't mean his predictions are accurate.

In May of 2009 he told Bloomberg, "I am 100 percent sure the U.S. will go into hyperinflation." A few years later he doubled down, stating that the U.S. would experience Zimbabwe-like hyperinflation. For the record, hyperinflation is defined as the price of goods and services increasing 50 percent per month. We're still waiting on that.

In 2010, Meredith Whitney had two claims to fame: marrying a former WWE professional wrestler and predicting the 2008 financial crisis. However, not willing to let well-enough alone, she made a bold prediction in late December on "60 Minutes," claiming that within 12 months the U.S. would have "significant" municipal bond defaults and "hundreds of billions of dollars" in losses.

Four years later, with the exception of the $18 billion Detroit bankruptcy, her prediction still has not materialized.

It's bad enough to make one of the worst financial predictions of all-time, but when you do it twice, you must be something special -- and Dick Bove fits that bill. Not content to rest on his laurels for completely blowing the Lehman Brothers call, three years later he went for broke with a prediction about MF Global.

Just five days before MF Global declared bankruptcy, Bove took to the air to suggest that all was fine at the company and that a buyer would be announced any day. Things were not fine. No buyer materialized. The result: more than $1.6 billion in customer losses.

In 1997, while attending a technology conference, Michael Dell, founder of his eponymous company, was asked what he thought Steve Jobs, who had just returned to Apple, should do with the company. He responded, "What would I do? I'd shut it down and give the money back to shareholders."

Jobs, who was never one to mince words, reportedly responded to Dell's comments at an employee meeting by saying, "F*ck Michael Dell." Nine years later, when a surge in Apple's stock price pushed its market capitalization past Dell's, Jobs took a moment to come full circle with his employees in a memo that read "Team, it turned out that Michael Dell wasn't perfect at predicting the future. Based on today's stock market close, Apple is worth more than Dell. Stocks go up and down, and things may be different tomorrow, but I thought it was worth a moment of reflection today. Steve."

Read Full Story

Find a New Home

Powered by Zillow

People are Reading