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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [coates_hbk] [ In reply to ]
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coates_hbk wrote:
BLACKSHEEP wrote:
$7000 is just TOO MUCH for a bike. Can we finally admit this?

..................... but if people buy them, it's a fair price
my wife would divorce me if i spent 7k on a bike

My wife said that to me ounce.....man that was a great bike!
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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How about we all just decide for ourselves what is too much and not worry about what other people pay to race. There is no magic "too much" number. If it's worth $1200 to someone else, no sweat off my nose.

Thom
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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There is no way I'll pay $1,200 for an IM event. $625 - $675 is pushing it. Rev3 and all the other races are looking much more attractive
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [AMT04] [ In reply to ]
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AMT04 wrote:
Until people stop signing up, they're not charging enough.


X2. For some people $1200 is an acceptable price point. Economics for everyone is different depending how much disposable income you have and how you choose to spend it.

-Of course it's 'effing hard, it's IRONMAN!
Team ZOOT
ZOOT, QR, Garmin, HED Wheels, Zealios, FormSwim, Precision Hydration, Rudy Project
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Bryancd] [ In reply to ]
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Bryancd wrote:
AMT04 wrote:
Until people stop signing up, they're not charging enough.


X2. For some people $1200 is an acceptable price point. Economics for everyone is different depending how much disposable income you have and how you choose to spend it.

and I think we hit that price ceiling. If I had to guess, IMNY saw the numbers coming in for 2013 and they weren't pretty. I'm sure there is some equation that they use where they can judge from the initial rush in a few hours, what the final tally will be.

It's either that.

OR

NY and NJ told them they lost their permits for another race.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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When was the last time WTC gave a flying f#%$ about athletes opinions? They aren't concerned about charging $1200 to race...I think they saw what a joke the swim turned out to be and are trying to cover it up with other excuses.

RunFAR Racing Services
http://www.Run-far.com
Team Cambridge
Hilltop Bicycle Repair
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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Cervelo Apple wrote:
Bryancd wrote:
AMT04 wrote:
Until people stop signing up, they're not charging enough.


X2. For some people $1200 is an acceptable price point. Economics for everyone is different depending how much disposable income you have and how you choose to spend it.


and I think we hit that price ceiling. If I had to guess, IMNY saw the numbers coming in for 2013 and they weren't pretty. I'm sure there is some equation that they use where they can judge from the initial rush in a few hours, what the final tally will be.

It's either that.

OR

NY and NJ told them they lost their permits for another race.

But can you blame them for continuing to up the price until they find that price point where demand drops and they can't fill the race? They're in business to make money, so I applaud them for doing exactly what they should.

It's not their responsibility to make racing their races affordable for random people.

Plus, shouldn't Gods and Goddesses be able to afford $1200?



-Andrew
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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yes, $1,200 is a lot. actually, 1,260 :).

here's my take. the costs to do this compare to another event would have been cheaper and it's in my hometown.

Reg Fee - 1,260

Compare to Rev 3 - Cedar Point Full

Reg Fee - 525
Hotel - 400 - let's assume $100 a night for 4 nights
Airfare - 350 - cheapest flight on expedia currently
Bike Transport - 300

Total costs - 1,575

Arizona/Florida would costs more because the reg fee is higher and the airfare as well. hotel costs might be higher.

LP - i would have to pay for car rental fees which would come close to the airfare/transport costs.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [gleeclub] [ In reply to ]
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gleeclub wrote:
yes, $1,200 is a lot. actually, 1,260 :).

here's my take. the costs to do this compare to another event would have been cheaper and it's in my hometown.

Reg Fee - 1,260

Compare to Rev 3 - Cedar Point Full

Reg Fee - 525
Hotel - 400 - let's assume $100 a night for 4 nights
Airfare - 350 - cheapest flight on expedia currently
Bike Transport - 300

Total costs - 1,575

---

Maybe it is just me but I choose my races because I want to go visit the pace that is hosting it and maybe check out the area.It is not just about fly in fly out for an event...Sometimes the budget might want to reflect that.
---
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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Cervelo Apple wrote:
When I heard IMNJ 2013 was $1200, I almost laughed out of my chair. I then said we are in an Ironman bubble and it will eventually pop and pop hard. Last night's news sort of confirmed my belief.

I don't think its a stretch to make the assertion:

You are somewhat out of your mind if you are willing to pay $1200 for an Ironman race.


The common push-back I am getting is...well if I go to a race far away I need to spend money on airplanes, hotel, etc.. While there is some truth to this, there are plenty of people who live nearby NYC and are glad to pay a couple months of rent.


We are entering unchartered territory here folks.

$75 compression socks
$75 swimming goggles.
$4000 wheels.

The list goes on...

Do triathletes have too much money in their pockets?

No, I dont think it is that high considering where it is taking place. Everything in that area is considerably more expensive that most areas of the world.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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Cervelo Apple wrote:

You are somewhat out of your mind if you are willing to pay $1200 for an Ironman race.


I would pay $1200 to race Kona, just one time. Where do I sign up?
Last edited by: TJ56: Aug 14, 12 6:51
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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I'm concerned that this price increase trend will continue in places like Lake Placid and Mont Tremblant. Of course, everyone has different financial considerations. That's fair. But do they really want this event to only be associated with those of great means. Or is this an event that truly "anyone can do" with enough training and commitment?

For me, when I see a number like $625 at Placid, I breathe deeply and remember its essentially a holiday. It is the culmination of a lot of hard training. I pay up for the week accommodation and share a place with some friends and enjoy the week off from work. If the price was to increase beyond its current position I just couldn't justify it.


I'm NOT a one and done athlete. I want to do these things for a long time. For me, its now a lifestyle. I wake up early, I train, I S/B/R and I love the year building up to my race. My feeling is that if WTC were to persist with something like $1200 for a race it would encourage a lot of first timers who will never do this thing again.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Ultra-tri-guy] [ In reply to ]
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Ultra-tri-guy wrote:
gleeclub wrote:
yes, $1,200 is a lot. actually, 1,260 :).

here's my take. the costs to do this compare to another event would have been cheaper and it's in my hometown.

Reg Fee - 1,260

Compare to Rev 3 - Cedar Point Full

Reg Fee - 525
Hotel - 400 - let's assume $100 a night for 4 nights
Airfare - 350 - cheapest flight on expedia currently
Bike Transport - 300

Total costs - 1,575

---

Maybe it is just me but I choose my races because I want to go visit the pace that is hosting it and maybe check out the area.It is not just about fly in fly out for an event...Sometimes the budget might want to reflect that.
---

Not everyone can do this. My schedule for IM Louisville (last year and again in 12 days):
Thursday: work
Friday: Arrive in Louisville (by car) because I have to (athlete check in)
Saturday: Bike check in, etc
Sunday: Race.
Monday: Drive home
Tuesday: work.

Pink? Maybe. Maybe not. You decide.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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We spent a lot of money when my wife did ITU long course in Australia and Kona, but we also made a holiday of it which included scuba diving, etc. No way in hell would we pay $1200 to swim in the Hudson. NYC just isn't exotic enough to cough up that kind of coin.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [BLACKSHEEP] [ In reply to ]
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BLACKSHEEP wrote:
$7000 is just TOO MUCH for a bike. Can we finally admit this?

..................... but if people buy them, it's a fair price
but it's not a lot for sports equipment, esp when the top end bikes are twice that. shiv, trinity, tm01....all are in the $12k-14k range.

other sports: rowing shells are $12k for a single ($45k for an eight). a set of oars is $750/pr. club membership/fees $500/yr

golf? a set of clubs can easily be $5000. club membership and greens fees can be upwards of $100k/yr (in northern NJ/NYC area).

but for $1200....that's the cost of doing a few races....and, given that other mdot branded races are a fraction of this entry fee....just plain ridiculous.

no sponsors | no races | nothing to see here
Last edited by: philly1x: Aug 14, 12 6:56
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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I can understand it from some perspective... because travel and racing can be expensive. I tend to stay more local where I can drive, and even there, loding and food can be upwards of double or more the entry fee. Halfs are obviously a lot less because you can get away with a lot less days in my opinion.

But by the same degree, if your choice of venue is purely based upon saving money, that is really not much of a choice. So if the argument is IMMT or IMLP will cost me $2000, and IMNYC will cost me on $1200, the biggest question to me is which would you rather do? Which is more relaxing or enjoyable pre-post? Which is more enjoyable actually racing?

Frankly I think a true IMNYC would be run in the city, and something out of the Warriors, where you have bottles tossed at you on the swim, you are hounded down on the bike, or come to T1 and find your bike up on cinderblocks and the wheels gone, and the run would be through Central Park being chased by the Rogues, the Riffs, Turnbull ACs, the Baseball Furies, and the Lizzies.

Was the course planned? Or was it forced? Is the course there because it would make a great spot and ideal race, or is the race there because there is a demographic and void and more to just sell entries.

I would rather pay a little more and do a race I want to do, than a race that is just "cheaper" If money was a real factor, I think renting a house or condo in Tremblant or LP with a group of 3 or 4 other athletes ultimately brings the cost cheaper, and makes the experience more rewarding. That is just me. Have no desire to even remotely do what they are throwing together in NYC.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [tridad3] [ In reply to ]
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tridad3 wrote:
I agree.

I am willing to occasionally pay 600-700 (maybe every other year) for an "Ironman" race for someplace like IMLP, but as I keep finding/hearing of great races at much less cost (Beach to Battle, Great Floridian, Rev 3, Bone Island, Roth, Tinman etc...) these become much, much more attractive. I like volunteering to help our fellow athletes, but I can't help but feel a bit take advantage of to volunteer for the WTC (for profit), so I can wait in a line for 3 hours, give them a (mainly nonrefundable) several hundred dollar pre payment for a race a year away. Or I can see how a year unfolds, pay a fraction of the cost for another great race usually with refunds and/or transfers. $1200- wtf?, one could race all year at non WTC 70.3, 140.6 races or a couple of years for this and as long as you do not need 2500 other athletes (which isn't always a good thing) or to qualify for Kona you can/ will have every bit as much fun. Most of the expensive tri gear have value replacements- compression socks available in your local drug store for $10-20 (not as sexy, but will work just as well), wheel covers for $90, sequential compression devices $400-600 or pay 1000-5000 for the "fancy" sports version, etc.... Hey everyone gets to choose how they spend there money, but I feel the same as you that there is a real bubble in tri pricing, but maybe with more and more new and/or wealthy triathletes the market will stay strong- we will see. I know I will watch where and when I spend my money and look to slowtwitch to keep informed on the "value" alternatives out there. Have a good one.

Scott

I don't know where you live (since your profile is incomplete) but I'm guessing the USA because Roth is the only international race in your list. Therefore, I ask:

If you think $1200 is too much for a race, how much do you think it is going to cost you to travel to Germany to do Challenge Roth?

Pink? Maybe. Maybe not. You decide.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [ElGordo] [ In reply to ]
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ElGordo wrote:
This tells me they may be close to hitting the "right" price: that which a willing buyer will pay a willing seller with both parties in possession of all relevant information and neither side being compelled to act.

In professional services like mine, if 20% of the public does not laugh at my price and end the conversation right there, I am probably not charging enough.

I want the client who will place a high value on my services, and then agree to pay it over and again because the value I deliver is still in excess of the cost to him. There are many other providers he may substitute for me, and he is free to do so. He has no duty to buy my services at my price, nor do I have any obligation to sell to him at his price.

Don't worry folks, the market will sort this out soon enough. It has for the last several centuries.

Yup this was bound to happen and now WTC knows they are teetering on the equilibrium. They still offer a highly desirable product. This story about logistics....meh I don't work for them so can't say, but cannot imagine they didn't have a clear exit story when they decided to implement this rate hike. WTC is not dumb and they know to never ask a question you don't already know the answer to. If the answer was 'no' on 1,200 then they had a clear answer to get out and regroup. If IMNY does open up again it will certainly not be 1,200.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Ultra-tri-guy] [ In reply to ]
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Man some of the responses surprise me because people are equating the place that the race is being held to the value for money of the race itself..I'll happily spend $600 to go to a race that costs me $2000 to get to if the race itself is value for money.Where the race is being held should not affect the price of the actual race and if it does and the RD's are passing on the cost of that venue to me then I won't go.

So to compare races,I would never pay $1,200 to race the same distance event that I can pay way less for in a really nice venue,like Penticton or Cairns or even Brasil..The rest of the costs do not figure into my equation...Is New York worth visiting,sure but is it worth my spending an extra $1,200 for a race that hasn't been that well recieved by those who did it,I would say no.I would look to IMMT way before I would consider IMNY....Actually to tell the truth, in the same way I refuse to pay the stupidly inflated prices for snacks at the theatre or food at Airports,I will never pay $1,200 for a race,"just because it is in New York"....Now the Sri Chimnoy Ultra run that they have there is a different story.

----
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [tigerpaws] [ In reply to ]
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tigerpaws wrote:

Yup this was bound to happen and now WTC knows they are teetering on the equilibrium. They still offer a highly desirable product. This story about logistics....meh I don't work for them so can't say, but cannot imagine they didn't have a clear exit story when they decided to implement this rate hike. WTC is not dumb and they know to never ask a question you don't already know the answer to. If the answer was 'no' on 1,200 then they had a clear answer to get out and regroup. If IMNY does open up again it will certainly not be 1,200.

Agreed... Maybe it will be $1500

They will justify it by saying they have:

-- Improved the logistics
-- Improved ferry service for family and friends
-- More spectator spots

All of this will cost more to pull off, this is New York after all, and people can be assured that this is an even better race

Oh, almost forgot, they will throw in a set of TYR Goggles as well.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Murphy'sLaw] [ In reply to ]
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Murphy'sLaw wrote:
Everything is relative.

How much does the NYC Mary cost, compared to Wineglass or Mohawk-Hudson?
A - a LOT more. Why? It's in NYC.
Heck, it's a lot more expensive than Philly. Which is another big city event on the east coast.

IF I were interested, and IF I wanted to do IMNYC, the price tag would not have deterred me. It'd still be cheaper than LP, all-in.

How much does it cost to climb Mt Everest?
Now *that* is insane.
(but lemmings gladly line up to pay it)

this is not true. the NYCM costs a lot more than most every other marathon because NYRR knows that there is almost inelastic demand of the race and it can get away with charging well over $200. it's not like the cost of putting on a marathon in NYC has massively increased over the past 5 years. the race still sells out right away at this price point so you can expect further increases in the future (although NYRR has received a lot of pushback this year).

WTC was treating IMNJ the same way and thought that there was almost inelastic demand so a 33% price hike wouldn't matter. it found out that it does matter when the product is inferior. i'm really curious as to how few people actually signed up. it had to have been a tiny number because WTC never would have suspended the race had it come close to filling up. it just would have put on the same flawed race next year and made an even bigger profit.
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [mag900] [ In reply to ]
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The NYC Marathon HAS increased in cost considerably in the last 5 years.
http://www.nytimes.com/2012/01/03/sports/new-york-city-marathon-raises-entry-fee.html


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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [Cervelo Apple] [ In reply to ]
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You are somewhat out of your mind if you are willing to pay $1200 for an Ironman race.
________

You obviously can only make a decision for yourself ..... but a large number of others obviously didn't agree with you.
I personally wouldn't pay anything to swim in a polluted east coast river or spend time in New Jersey/NY .... but I wouldn't be concerned about $1200 entry to a quality event like IMC or maybe Tahoe if it indeed turns out to be good in 2013. Most of my expense is travel/ meals/ hotels/ family/time off work (I own my own business) .... so the entry fee be it 600 or 1200 really is only a minor part of the total cost .... and that obviously also is before I consider the cost of my equipment.
Everyone makes choices in where they spend money and for what .... no $1200 isn't a big deal overall for a lot of triathletes ....no one MAKES you do anything ;-)

Dave
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [japarker24] [ In reply to ]
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I live in Vermont, and we have a family place just outside NY city, but the race cost/logistics/family spectating issues of IMNYC make it unappealing for me currently. I would love see a really cool/fun course around NYC that would be athlete/spectator friendly , but I also understand that may be too expensive and logistically complicated to provide in that urban environment. I was just giving examples of other good race options. Roth would surely be expensive (plane tickets for my family of 5- crap!), but it would also be a great trip to Europe rolled into it. I know I pay a premium to stay in Lake Placid, but for me the travel is cheap, the course is beautiful and spectator friendly, and the area fun for my family (wife and 3 little kids)- but again I know others may prefer the urban setting. I was simplifying (dangerous) -there are many other factors (travel, lodging etc...) that go into a race and obviously everyone has there own value systems. But a race entry fee of 1200 (plus processing, with next to no refund should something come up over the year) is crazy IMHO. Now I do agree if you live in NY/NJ and travel/lodging logistics get simplified then it could certainly be more appealing- as any race close to home would make for easy (and cheaper) travel/lodging options. My sister and her family live in Wilmington, NC so for me B2B (long with its cost, late registration availability, good reviews and timing in the year) gets "good scores" on the "that one would be fun to do" list. I should make up a scoring system to help me organize my want to do races! Have a good one.

Scott
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Re: $1200 Is Just TOO MUCH for a race. Can we finally admit this? [tridad3] [ In reply to ]
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Scott,

I agree about B2B. Set Up Events is a great company. I do at least 5 of their events every year and I want to do B2B one day. If you haven't already figured it out, I'm from NC and B2B would be easy logistically and inexpensive for me to do. There are about 250 spots still open for this year. Depending on how IM Louisville goes in 12 days, I may just do it this year!

Take Care,
Alan

Pink? Maybe. Maybe not. You decide.
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