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Art World Cost Saving Datapoint Of The Day

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by Felix Salmon
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Nov 25 2008 12:46pm EDT

Art World Cost Saving Datapoint of the Day

According to Alexandra Peers, the trendy way to economize these days is to increase Champagne consumption: at Art Basel Miami Beach, she says, "many events are doing just Champagne, to cut out the bartenders."

I can't make the sums work here. Champagne at $30 per bottle works out at $5 per glass. A bartender serving 100 drinks an hour and making $40 an hour would cost just 40 cents per drink. Given that just about anything will cost less than Champagne when it comes to the per-glass cost of liquor, I can't see how this is any economy at all.

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