UK bonus earners not shy to dish out PS1,000 on luxurious mealsJanuary 26th, 2008 - 5:10 pm ICT by admin
London , Jan 26 (ANI): Britons, who are lucky enough to get their yearly bonus, usually dish out a whopping 1,000 pounds on just a single super-luxurious dinner just to beat the blues, says a report.
Although its not raining money in the financial circuit, bonus earners spend the extra amount of money on luxuriessuch as food, drink and artto ease their troubles.
A London restaurant called Vivat Bacchus recently opened bookings for its new seven-course Bonus Tasting Menu, charging 1,000 pounds per head. Surprisingly, it immediately received a number of reservations for next week.
Neleen Strauss, the restaurant’s co-owner, said that the menu was set in response to demands from clients.
“Many of them work in the City and often ask for something unique during bonus season. People want to spoil themselves with their bonuses,” The Financial Times quoted her as saying.
She also said that she was “amazed” by the quality and expense of the wines that the diners chose because she was not expecting such indulgence after the festival season.
Even though city bonuses for last year dropped by 16 per cent as compared to 2006, the Centre for Economics and Business Research said that the desire to live the life of a bon viveur is plainly undiminished.
“I have found over the years that when bad news begins to circulate around the stock market, our City customers never fully lose their appetites,” said Ms Strauss.
Art was another domain where the bonus earners were spending in abundance.
Jussi Pylkkanen, president of Christie’s Europe , said that the quality of art works presented at auction presently was very high. He said that this made them a safe investment for City bonuses when other economic indicators were looking uncertain,
Mr Pylkkanen added that the new, young entrants into the art market were “not shy. The guys making substantial amounts of money in hedge funds and the stock and money markets are very attuned to the world of contemporary art and they are very confident in their own judgments. (ANI)
Tags: appetites, art market, bon viveur, britons, business research, city customers, co owner, course bonus, earners, economic indicators, financial times, hedge funds, london jan, london restaurant, luxurious dinner, money markets, raining money, substantial amounts, tasting menu, vivat bacchus