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In theory, this is how it should work. But unfortunately it's become way too easy for ticket brokers to inflate the perceived value of these tickets, which then has a trickle down effect on the initial pricing.I don't think it's a matter of sending a message. People will decide whether something is worth the cost. If not enough people are buying a package/tickets, that will demonstrate that its price was too high. Given that prices keep rising, I don't think that message has been sent yet.
The other thing I worry about when it comes to the future of consumer sports - which is directly related to my first point, and your second one - is growing income inequality. 17,000 fans willing to pay $40 a ticket can take your business a lot further than 24,000 fans willing to pay $20. The bidding war for content being fought by streaming services is just a reflection of the same principle playing out on a larger scale.
Eventually, I have to believe a reckoning is coming where the value of some of these franchises begins to erode. It might not be for another generation, but sooner or later some of them are going to run out of customers.