It hurts me to say this as a boxing writer, but it’s time for us to forget the sweet science as a mainstream sport. Cage fighting, for all its blood and bike shorts, is never going to take its place in the popular imagination, either.

No, the west needs a new kind of gladiatorial combat to bring it together. Something that can unite us all in animalistic bloodlust.

And if the street fight between James Packer and David Gyngell showed us anything, it’s that the time has come for the super-rich to fight each other for our entertainment (which, from what I understand from reading the rightwing press, is pretty much what Thomas Piketty's book is suggesting).

If still photos of the brawl really sold for $210,000, imagine how much money could made on pay-per-view. Frankly, I’m surprised the Commission of Audit didn’t think of it instead of Soylent Green or whatever they recommended. Why would we turn fighters into millionaires when we can turn millionaires into fighters?

Sunday’s Bondi punch up is a good indication of how future PFC (Plutocrat Fighting Championship) bouts could work. Unlike traditional combat “sports”, there would be very few rules in PFC bouts, no time limit and no weight classes. Six foot six behemoths like James “Meat” Packer would be actively encouraged to fight little scrappers like David “Nine Lives” Gyngell. Showmanship, like the classic “heel-turn” executed by Gyngell when he stood out the front of Packer’s $20m Bondi mansion and called him out, would be encouraged.

A technical analysis of “The Bondi Brawl” shows that the skills of the super-rich are already at a near-professional level.

The precious photos that have emerged of the stoush show that despite their velvety, moisturised hands, both men know how to square up and throw a punch. Packer also seems to have mastered the classic “hold me back” manoeuvre, beloved in pubs and professional wrestling matches the world over.

Packer has a classic, upright style reminiscent of heavyweight champion Wladimir Klitschko (who is only one inch taller than the billionaire). He clearly wanted to keep the fight on the outside, and can be seen readying himself to throw a huge right cross in several of the photos. He also seems to have heeded the advice of boxing trainers the world over, who tell their pupils to “hold the phone” when they want them to keep their hands up (though in Packer’s case the phone appears to be a real life Blackberry).

Early on in the fight, the pictures show Gyngell, a crafty southpaw, keeping his right hand dangerously low, leaving him open to a lead right hand from Packer. To his credit, the front page of the The Daily Telegraph appears to show that the Nine Boss realised he needed to get inside Packer’s monstrous reach advantage and switched to a “peekaboo” defence with high hands.

The same photo shows him throwing a right jab from the southpaw stance while keeping his right hand high in defence. Though none of the photographs captured it, we’re forced to assume that he bobbed and weaved like Joe Frazier to get “in the pocket”.

Once there, according to witnesses, he managed to land a combination on Packer’s not inconsiderable jaw before Packer grabbed him and took the fight to the ground. The cover of the Herald Sun shows the crown chairman in Brazilian Jiu-Jitsu’s advantageous “side mount” position, trying to use his weight to “ground and pound” his former best man.

Packer’s bear-hug-to-fall-on-the-ground manoeuvre mightn’t be in the Queensberry Rules, but it sure would be in the PFC rules. Gyngell found that out when he left the scene with fewer teeth than when he arrived. Slapping, biting and windmilling towards opponents would also be encouraged.

It didn’t happen in the trial bout but competitors in the PFC would also be allowed to use whatever items are at hand, with bouts taking place at a variety of venues (such as super-yachts or mansions).

All we need is some kind of Hunger Games-style contest, and before you know it Gina Rinehart will be fighting Nathan Tinkler at Hunter Stadium on live TV.

The market demands it.