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The New York Beer Exchange
03-25-2010, 02:02 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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The New York Beer Exchange
New York bar to set menu prices like stocks - Yahoo! Canada News
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The Exchange Bar & Grill, set amid the bustling shops and pubs of the Grammercy Park neighborhood, is replete with a ticker tape flashing menu prices in red lettering as demand forces them to fluctuate.
... The prices will fluctuate in $.25 cent increments, but will most likely plateau at a $2 change in either direction.
A glass of Guinness starts at $6 but could be pushed to a high of $8 or a low of $4, depending on popularity.
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This leaves all kinds of room for additional "plays" on the price of pub fare.
If I'm only willing to pay $5 for a pint of Guinness when the current price is $5.75, can I tell the server to get me a glass of water and enter a "limit order" for $5 so he/she can serve me if the price drops to $5?
If I think the price is too high, can I "short" a dozen wings -- effectively borrowing a dozen wings from the pub to sell to the guy willing to pay too much, and then "buy back" the wings later to cover at a lower price?
Options, anyone? If the current price of a pint of Sam Adams is at $4.25 and I want to lock it in for the rest of my stay, can I pay 15 cents per pint as an "options premium" for the right to lock in a $4.25 price for the next three I buy?
Outside the box, that's me...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-25-2010, 02:06 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by ziggy29
Options, anyone? If the current price of a pint of Sam Adams is at $4.25 and I want to lock it in for the rest of my stay, can I pay 15 cents per pint as an "options premium" for the right to lock in a $4.25 price for the next three I buy?
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Just buy one for immediate delivery and 3 more on futures contracts for delivery in 15, 30, and 45 minutes respectively. Don't want the product to get warm do we?
Also shocking is NYC prices. $6 for a Guinness? When NYC friends come down to my hood to visit, I try to tell them where the beer specials are. They just say, look paying $3-4 (full price here) is like happy hour in NYC!
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Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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03-25-2010, 02:24 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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There's just something magical about the words 'New York" and "Beer" in the same sentence... 
AND...the bar opens April 1st, the 3 year anniversary of my FIRE date. Hmmmmm... 
Have we been snookered?  Chop busting is a fine art for Noo Yawkers.
Regarding metro NYC prices, JFK had a special deal for a burrito platter at just....
drum roll...$18.
I was there for a scheduled 4 hour layover on my way to paradise. The obnoxious intercom broadcasting departures and arrivals at full volume  was free, of course.
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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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03-25-2010, 02:31 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Sep 2005
Posts: 5,381
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Interesting.
My fist thought was that now that my days are free I could take advantage of low demand by grabbing a 10:00AM or 3:00PM weekday pint. But it probably doesn't work like that. If the bar is empty all of the prices are probably set at the mid-level. They probably only go down if other prices are being bid up.
Boo.
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Retired early, traveling perpetually.
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03-25-2010, 02:46 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
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I'd like an index fund ETF of everything you have behind the counter. Hey, and bring me a second glass of international ETF (Guinness is a component of that, right?).
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Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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03-25-2010, 02:48 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Oct 2005
Location: North Oregon Coast
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Quote:
Originally Posted by FUEGO
I'd like an index fund ETF of everything you have behind the counter. Hey, and bring me a second glass of international ETF (Guinness is a component of that, right?).
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Given the often unpleasant results of "mixing," I'm not sure this is the sort of portfolio you want to diversify... 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-25-2010, 02:50 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2007
Posts: 7,746
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On second thought it might be better to stick with sector fund offerings.
Maybe pick up some GLDschlager shots.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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03-25-2010, 03:38 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Location: Pittsburgh, PA suburbs
Posts: 1,796
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New Yorkers like the trendy, and I am sure this pub will have it's fifteen minutes of fame. Gramercy Park is not a major tourist area so quite likely the draw will be among the local yuppies and investment types. For beer in NY, I would recommend a pilgrimage to McSorley's Ale Pub. You can drink your brew in historic surroundings with, as I recall, chicken or turkey wishbones hanging over your head with long stalactites of dust dripping off them. Anyone remember the old Auto Pub in the GM building?they had cars suspended over head. It was always a good meeting place for out of towners. The pub on Gramercy Park is near one of my historical attractions...Teddy Roosevelt's childhood home. Oh, and The Players Club but you have to be a member. My Dad always stayed at the Gramercy Park Hotel, and we loved to get a key from the concierge and go and sit in park.
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03-25-2010, 08:07 PM
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#9
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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That'd be a great bar for bottom fishers value pickers like me. "I'll have whatever's cheap."
-CC
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"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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03-26-2010, 08:24 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by CCdaCE
That'd be a great bar for bottom fishers value pickers like me. "I'll have whatever's cheap."
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"Here's your Milwaukee's Beast, that'll be $4.50."
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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