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New York Bar Operates Like Wall Street......  
User currently offlineNAV20 From Australia, joined Nov 2003, 9909 posts, RR: 36
Posted (4 years 6 months 3 weeks 3 days 6 hours ago) and read 2417 times:

This story - covered on our Newsradio, which draws on sources worldwide - tickled me a lot:-

"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.

"Customers can move prices for all beverages and bar snacks such as hot wings ($7 for 6 pieces) or fried calamari ($9). 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.

"So if one drink is in heavy demand, its price will rise, causing the cost of other equivalent drinks to drop. A rush on a particular beer would increase its price, and cause other beers to drop.

"Owners Levent Cakar and Damon Bae admit the stock exchange theme is a gimmick but hope a good deal on drinks and their hamburger's tastiness will win over customers.

"Its definitely something a little bit different," said Bae. "There is a little bit of a twist."


http://www.reuters.com/article/idUSTRE62N51X20100325

I'd just like to say, what a marvellous, utterly 'fresh,' just-plain-good idea. As they say, 'Only in New York..." I hope they do lots of good business before everyone else 'catches up' and copies them.

I doubt that I'll ever visit New York City again. But if I ever do, I'll make a beeline for that place. I would have the advantage that my favourite bottled beer is Heineken - and the New York bartenders usually had to dig deep into the icebox to find it. I'd probably be able to drink at rock-bottom prices for quite a while before the 'market' caught up with me.....  


"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
10 replies: All unread, jump to last
 
User currently offlineBrendan03 From Australia, joined Aug 2005, 951 posts, RR: 3
Reply 1, posted (4 years 6 months 3 weeks 3 days 5 hours ago) and read 2377 times:

There used to be a bar in Melbourne which would have an LED display which would scroll different drinks, The least popular would be displayed as the cheapest until it started getting bought which would increase the price (amoung other drinks) and as people bought them, The price would go up and the least popular drink would be the cheapest until people started buying it.

I don't know if said bar is still open but this was quite a few years ago, It was quite a creative idea



Coolier than thou.
User currently offlineflipdewaf From United Kingdom, joined Jul 2006, 1577 posts, RR: 0
Reply 2, posted (4 years 6 months 3 weeks 3 days 5 hours ago) and read 2307 times:
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We used to have this at uni about 5 years ago, was great fun and cheap for students who didn't care what they drank.

Fred


User currently offlineMir From United States of America, joined Jan 2004, 21691 posts, RR: 55
Reply 3, posted (4 years 6 months 3 weeks 3 days 4 hours ago) and read 2278 times:

Quoting NAV20 (Thread starter):
As they say, 'Only in New York..." I hope they do lots of good business before everyone else 'catches up' and copies them.

This place in Barcelona has been around for a while: http://www.morleymouse.com/2008/03/27/dow-jones-bar-barcelona/

-Mir



7 billion, one nation, imagination...it's a beautiful day
User currently offlinevarigb707 From , joined Dec 1969, posts, RR:
Reply 4, posted (4 years 6 months 3 weeks 3 days 3 hours ago) and read 2239 times:

Place looks nice.
http://exchangebarandgrill.com/


User currently offlineTransIsland From Bahamas, joined Mar 2004, 2046 posts, RR: 9
Reply 5, posted (4 years 6 months 3 weeks 3 days 3 hours ago) and read 2229 times:

Quoting NAV20 (Thread starter):

I'd just like to say, what a marvellous, utterly 'fresh,' just-plain-good idea. As they say, 'Only in New York..."

Been to a few places like that in Berlin about 10 years ago.



I'm an aviation expert. I have Sky Juice for breakfast.
User currently offlineOzGlobal From France, joined Nov 2004, 2723 posts, RR: 4
Reply 6, posted (4 years 6 months 3 weeks 1 day 22 hours ago) and read 2006 times:

Quoting NAV20 (Thread starter):

I'd just like to say, what a marvellous, utterly 'fresh,' just-plain-good idea. As they say, 'Only in New York..." I hope they do lots of good business before everyone else 'catches up' and copies them.

Only New Yorkers say, "Only in New York" and they are almost always wrong when they do. This is a fun idea, but has existed in most large cities for years. Here in Paris there is a cool place around the corner near Place Vendome call Footsie with the same deal and been there for years....



When all's said and done, there'll be more said than done.
User currently offlinehjulicher From Liechtenstein, joined Feb 2005, 882 posts, RR: 2
Reply 7, posted (4 years 6 months 3 weeks 1 day 22 hours ago) and read 1998 times:

In Berlin it's called the Bier Börse, or the Berlin Beer Exchange. The monitors show the prices for the different types of beer, and every six minutes based on demand, the prices change. Beers that have been ordered get more expensive, and those not very popular reduce in price. Then twice per evening there is a stock market crash, and all the prices fall for 6 minutes to the lowest price possible.

Berlin has had this for a while, and I thought it always cool to go there.



LH 442
User currently offlineLtbewr From United States of America, joined Jan 2004, 13140 posts, RR: 15
Reply 8, posted (4 years 6 months 3 weeks 1 day 18 hours ago) and read 1941 times:

This is only a few blocks from where I work in NYC. I will have to go by their during a lunch time walk.

User currently offlinepacificjourney From New Zealand, joined Jul 2001, 2734 posts, RR: 8
Reply 9, posted (4 years 6 months 3 weeks 1 day 18 hours ago) and read 1925 times:

At the risk of being pedantic the model described is a totalisator not an exchange - put a bet on horse A and it's odds shorten and all others lengthen.


" Help, help ... I'm being oppressed ... "
User currently offlinepacificjourney From New Zealand, joined Jul 2001, 2734 posts, RR: 8
Reply 10, posted (4 years 6 months 3 weeks 1 day 18 hours ago) and read 1925 times:

Quoting OzGlobal (Reply 6):
Only New Yorkers say, "Only in New York" and they are almost always wrong when they do.

Possibly the finest words ever written on this forum.



" Help, help ... I'm being oppressed ... "
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