The announcement that Porsche and Audi want to lend their names to Formula One comes at a high point of popularity in the U.S. for the world’s most glamorous racing series.
Miami’s first-ever F1 Grand Prix took place on Sunday. Race-day ticket prices hit $1,342 on the secondary market, more than prices for the NBA finals, Stanley Cup, and World Series, according to the ticket-seller TickPick.
Luxury hotel, restaurant, and entertainment packages sold for as much as $110,000. More than 240,000 fans were expected to attend the sold-out event, with 82,500 surrounding the track in Hard Rock Stadium.
Experts credit the popular Netflix documentary Formula One: Drive To Survive with stirring a surge of U.S. interest in the sport founded in Europe in the 1950s.
“The F1 Grand Prix has always been a popular event, but it hasn’t become the story that this Miami Formula 1 race has been” says Brett Goldberg, co-founder and co-CEO of TickPick.
“A fair amount of it was the success of the Netflix documentary. That itself has brought massive awareness to the U.S.”Race organizers in Miami have said they plan to increase capacity in coming seasons. A second new American race is scheduled for November 2023 in Las Vegas.
