Thursday, March 25, 2010

Exchange Bar & Grill - the stock market comes to the nightlife

There is nothing like the New York City nightlife. It's 24 hours (if you know where to go) of something always happening, with people from everywhere you can imagine. It's lively, and most of the time fun. But it is equally expensive, whether you live there or just vist.

Like every issue in NYC there is always an alternative. Often quite innovative. This next idea just struck me as one of the more unusual.

Imagine this. Let's say you like Budweisers, and Guiness, and say Becks. But you are a bit low on cash. Now imagine that you can go out, and bid on your beer. By that i mean that if everyone in the bar that night is buying say Coors Lite, your beer will be cheaper. Possibly by as much as $2. So instead of $6 it will only cost you $4. Sound like a deal?

How about bar food. You love hot wings, and chicken fingers. They too are based on market prices. So if everyone is out for cheese fries, you can be in luck and have your food at a cheaper price.

Mind you that the more popular items will be more expensive to the exact opposite of the popular items. The deal works on 2 levels, the popular stuff will cost a bit more because it's good. The cheaper stuff will cost a bit less because it to is good, but not in at the moment.

This concept is the core of a new bar called the Exchange Bar & Grill. The bar will be opening on April 1st. You can find it in Grammercy Park in Manhattan.

Will this be a great idea? Will it catch on, or even be successful? I can't say. I haven't been there yet. But considering NYC is the center of the U.S. stock markets, plus the penchant of New Yorkers for something new and innovative, I think it's worth a nite out to see how it all works.

If anyone is in the City and at the bar on the 1st, I would love to hear your thoughts and any photos/video you can provide.

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