The Res Gestae
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In the days leading up to the 2024 Michigan-Texas football game, significant activity and price fluctuations were observed in the resale of tickets to the game on the email listserv “Law-Open2.” Minimum and maximum prices were recorded for both the sale and purchase of tickets, as well as the number of sale and purchase offers made per day on the listserv.
In late August 2024, the number of sale offers was consistently low. The first days of September saw the number of sales offers made increase dramatically, concurrently with a precipitous decline in offered resale prices. Sales prices remained at a high, stable price from late August 2024 before declining dramatically in the first days of September. Offers to purchase tickets remained insignificant initially, before becoming the majority of instances in the day before and the day of the game.
Social factors on Law-Open2 may have played a role in creating momentum for the trends observed, initially in maintaining the high initial price, and later in motivating declines in listed prices as the number of offers made increased.