Eleven Madison Park, sporting THREE MICHELIN STARS and ranked FIFTH on the World’s 50 Best Restaurants list, has hiked its menu price to $225, up from $195. That’s a 15% increase. So dinner for two, after wine pairings, tax and tip, will cost $954, up from $876. 
Or put more simply, dinner for two with all the fixins is just shy of $1,000. 
Eleven Madison is now New York’s fifth most expensive restaurant (or thereabouts), after Masa ($450), Per Se ($295 service included), Brooklyn Fare ($255) and Kurumazushi (~$250). Price Hike historians and students of Suttonomics will recall that Eleven Madison Park fixed its entry-level price at $195 last year when it dropped its shorter $125 menu option. 
We’ve reached out to the EMP people about the increase. We’ll let y’all know when we hear back. 

Eleven Madison Park, sporting THREE MICHELIN STARS and ranked FIFTH on the World’s 50 Best Restaurants list, has hiked its menu price to $225, up from $195. That’s a 15% increase. So dinner for two, after wine pairings, tax and tip, will cost $954, up from $876. 

Or put more simply, dinner for two with all the fixins is just shy of $1,000. 

Eleven Madison is now New York’s fifth most expensive restaurant (or thereabouts), after Masa ($450), Per Se ($295 service included), Brooklyn Fare ($255) and Kurumazushi (~$250). Price Hike historians and students of Suttonomics will recall that Eleven Madison Park fixed its entry-level price at $195 last year when it dropped its shorter $125 menu option. 

We’ve reached out to the EMP people about the increase. We’ll let y’all know when we hear back. 

dustinwilson:

Knoll Riesling “Schutt” 2010. Perfect summer refresher. $25 BTG in the bar only tonight #EMPour (at Eleven Madison Park)

We’re issuing a BUY on this $25 Riesling by-the-glass at Eleven Madison Park, a pretty reasonable markup for a bottle that will run you anywhere from $45-$65 retail. Dustin Wilson, by the way, is one of the guys from the SOMM documentary, which follows Wilson and three others as they prepare for the grueling Master Sommelier exam. Spoiler Alert: Wilson passes. You can (and should) follow Wilson on Tumblr, and you can rent Somm on iTunes for $7. 

dustinwilson:

Knoll Riesling “Schutt” 2010. Perfect summer refresher. $25 BTG in the bar only tonight #EMPour (at Eleven Madison Park)

We’re issuing a BUY on this $25 Riesling by-the-glass at Eleven Madison Park, a pretty reasonable markup for a bottle that will run you anywhere from $45-$65 retail. Dustin Wilson, by the way, is one of the guys from the SOMM documentary, which follows Wilson and three others as they prepare for the grueling Master Sommelier exam. Spoiler Alert: Wilson passes. You can (and should) follow Wilson on Tumblr, and you can rent Somm on iTunes for $7. 

Here Are the Entry-Level Champagne Prices at New York’s Best Restaurants. And Gaonnuri.

  1. Gaonnuri: $165 (Veuve Clicquot)
  2. Gaonnuri: $160 (Moet Chandon)
  3. Per Se: $135 (Pol Roger)
  4. Brooklyn Fare: $115 (Maire-Noelle)*
  5. Craft: $105 (Saint-Chamant)
  6. Masa: $95 (La Caravelle)
  7. Marea: $93 (La Caravelle)
  8. Eleven Madison Park: $90 (Pierre Gimonnet)
  9. Del Posto: $90 (Doyard or La Caravelle)
  10. Daniel: $85 (Pierre Brigandat & Fils)
  11. Corton: $80 (Duc de Romet)

Easy question: Would you prefer to dine at Corton, one of New York’s most envelope-pushing French restaurants, and order an intruging bottle of Champagne, say, Duc de Romet for $80? Or would you rather go to Gaonnuri, the subject of my one-star Bloomberg News review, where the cheapest Champagne, a very un-intriguing bottle of Moet & Chandon, is $160? That’s a 300% markup over the $40 retail price at Astor Wines.* 

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Seven-course wine-paired tasting menus are totally the BEST form of charity, right?

Below is the menu for the “Governor at Eleven Madison Park” pop-up dinner. The minimum donation is $250 per person, and in return you don’t just get a seven-course wine-paired tasting menu, you also get to help out Governor, a restaurant devastated by Sandy’s floodwaters; all proceeds will go towards the rebuilding of that well-regarded DUMBO eatery. 

Yup, we’re calling this one a GOOD DEAL. And those who wish to donate directly to Governor can do so through Go Fund Me; so far the Brooklyn restaurant has raised over $36,000 toward a $150,000 goal (still a ways off). 

dineoutnyc:

Next Tuesday, Will Guidara and Daniel Humm will donate their private dining room and various kitchen resources to the Brad McDonald and his team at Governor for a one-night-only pop-up. 50 seats only. Details:

GOVERNOR AT ELEVEN MADISON PARK 11/20/12
DOORS 7 PM, DINNER 7:30

Open Bar
Passed Snacks
7-Course Dinner with Wine Pairings

$250 PER PERSON MINIMUM DONATION
All proceeds go to the rebuilding of Governor

To book, please call 212-889-0905

Here’s the menu:
Snacks
+Poached Oyster Toast, Lobster Emulsion
+Nasturtium, Buttermilk, Trout Roe
+Prawn Crackers, Sea Urchin

Dinner
1 - Caviar, Brown Butter Ice Cream, Sunchoke
2 - Beef Tartar, Pickled Garlic Crisps, Chilies
3 - Celery Root, Clothbound Cheddar, Preserved Egg Yolk
4 - Striped Bass, Kale, Fish Sauce, Cilantro
5 - Oxtail, Salsify, Oyster Sauce
6 - Pumpkin Seed Ice Cream, Mulled Wine, Oat Crumble
7 - Bittersweet Ganache, Maple, Buckwheat Ice Crea

Here Are Some White Truffle Prices. Spoiler Alert: They’re [Expletive Omitted] Expensive.

The tartufo bianco is trickling into New York City’s more ambitious restaurants. Slowly. Still nothing yet at Jean Georges or Esca, and a spokeswoman for Eleven Madison Park tells me the restaurant won’t be offering white truffles this season. As for Le Bernardin, a receptionist says the restaurant can order white truffles “upon request.” 

Eater published a fine “early-list” of NYC spots already serving white truffles. Here are a few more truffle options that have debuted since: 

  1. Daniel: $60 supplement for a tasting portion on the 6-8 course menus ($195-$220). For the there-course menu ($108), diners can expect a $110 supplement over an appetizer, or a $180 supplement over an entree.  
  2. Del Posto: $24/gram over a pasta, with 5 grams recommended for a tasting portion of pasta on the $115 set menu (so, $120). For a bigger a la carte pasta at the bar, the restaurant recommends 10 grams ($240). 
  3. The NoMad: $95 supplement to an a la carte dish, or $115 total for tagliatelle with truffles. 
  4. Per Se: Currently available in the a la carte salon for $175 (service included). 
  5. Masa: $150 for a white truffle/kobe beef supplement to the $450 menu. 
  6. Ai Fiori: $100 supplement for a pasta dish on the $92 or $130 menus. For shaving white truffles over an entree on those menus or a la carte (say, guinea hen), the supplement is $125 for four grams or $250 for eight grams.  
  7. Marea: $155 supplement to the $97 prix-fixe menu. 
  8. Sirio: $125 for white truffle risotto. Incidentally, we attended the debut dinner service last night. Verdict: the seafood carbonara is actually pretty dang good, despite its name. So is the (non-truffled) risotto. We’ll keep the rest to ourselves. 

Keep in mind that many of these prices are supplements. So at Daniel, if you order a supplement on your 6-course menu, you’ll end up spending $255 before wine, tax and tip. 

Is Jean Georges Still NYC’s Cheapest Three Michelin Starred Joint? That Depends.

On the heels our report documenting a series of PRICE HIKES at Jean Georges & Le Bernardin, we thought we’d remind you of the current dinner prices at all of New York’s three-Michelin starred restaurants. The results below are ranked by the least expensive offering at each of the haute-establishments. 
  1. Masa: $450, $600 (the latter price includes a kobe/truffle course)
  2. Per Se: $295-$685 (depending on supplements, service included)
  3. Brooklyn Fare: $225
  4. Eleven Madison Park: $195
  5. Le Bernardin: $127 prix-fixe, $147 tasting, $194 chef’s tasting
  6. Jean Georges: $118 prix-fixe, $168 tasting
  7. Daniel: $108 prix-fixe, $195 six-courses, $220 eight-courses

One interesting note: While we were investigating the price increases at Jean Georges, a spokesperson for the restaurant mentioned that it’s “still the lowest priced three star Michelin and four star New York Times prix-fixe in NYC.” 

Is that an accurate statement?

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Is There an Epidemic of Tasting Menu-Only Restaurants? Not Necessarily.

  • Across the country, expensive tasting-menu-only restaurants are spreading like an epidemic…A high-end anomaly a few years ago, three- or four-hour menus now look like the future of fine dining.

So writes New York Times food critic Pete Wells in his largely skeptical take on tasting menu-only restaurants, an odd, albeit interesting world where meals last over three hours, where bread courses are dictatorially delayed until mid-meal, and where dining rooms are filled by “big game hunters,” eager to spend a thousand dollars per couple for the privilege of feasting at a trophy establishment. Instagrams of the now-closed El Bulli must be the ultimate taxidermy, non?

Smart eaters will read the NYT piece in its entirety because it’s a fine lament on an expensive & idiosyncratic slice of modern gastronomy.

But what I focus on here at The Price Hike are prices, and it’s Mr. Wells’ statement about this “epidemic” of expensive tasting menus that piques my interest, as well as another one of his musings: “I can’t feel good about watching great restaurants that were already serving an elite audience taking themselves further out of reach.”

The NYT critic raises good questions. As much as I love American Omakase spots like Alinea, Blanca and Brooklyn Fare, committing the necessary financial resources toward a pricey tasting (or dealing with the subsequent gastro-intestinal distress) isn’t exactly my regular brand of bourbon.

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Eleven Madison Park at Chicago's Alinea Will Cost $1,316 for Two4

When Alinea in Chicago plays hosts to New York’s Eleven Madison Park in their much anticipated (and very expensive) “21st Century Limited” restaurant swap, dinner will cost $1,316 for two. Of course, when Alinea comes to Eleven Madison Park later this month, dinner for two will cost $1,293. If tickets are $495 per person for both of the dinners, why is Eleven Madison Park at Alinea more expensive? 

Because New York has a much lower sales tax rate, of course (8.875% vs. 10.75%). Tickets went on sale about two hours ago and there were a number of tables left as of twenty minutes ago. Is this a BUY HOLD OR SELL? Your call, though we’d prefer to eat at the original Eleven Madison Park in New York for a few dollars less. 

“YOU know a movie is in trouble when a voice-over narrator has to explain the plot that the combined efforts of screenwriter, director and editor failed to make clear. Something like that is going on at Eleven Madison Park, which just eliminated its $125 prix fixe option and now offers only one menu, a $195 blowout that lasts about four hours.”

The New York Times restaurant critic Pete Wells argues that the stories and “homilies” at the (weeks-old) Eleven Madison Park 3.0 is undermining the fine cooking of Daniel Humm.

We at The Price Hike believe that any dish with multiple components deserves a proper explanation, just as a nice painting has a little placard next to it, offering novice and advanced viewers alike with some much needed context. That said, no diner ever wants a didactic experience, at any price point. 

We’ll report back on EMP 3.0 in the near future. Meanwhile, check out the fine column by Mr. Wells, or read our own musings on the higher entry-level price point, here and here

The NoMad, which serves NYC’s priciest chicken dish, is now home to NYC’s most expensive chicken sandwich. Naturally.

The NoMad, Daniel Humm & Will Guidara’s casual sequel to Eleven Madison Park, serves a pretty spectacular large-format chicken. It contains black truffles. It has foie gras. It comes with pommes puree. It costs $79. It is what The Price Hike believes to be New York City’s most expensive chicken

So naturally, The NoMad is a perfect candidate to serve New York’s most expensive chicken sandwich (in a good restaurant, at least — we’re sure Nello or Cipriani would be happy to whip up something for more). The NoMad’s sammy contains, of course, black truffles and foie gras. It costs $26, as much as Minetta Tavern's famed Black Label Burger. The suggested pairing is a $16 growler of Brooklyn Brewery Brown Ale (about two pints). So that's $42 for a sandwich and beer, or $54 after tax and tip. 

Is it a BUY HOLD OR SELL? Your call world. The creation debuts (and is only available) at brunch, which debuts this coming weekend. Click through for the full menu, courtesy of Eater

"Alinea in New York" at Eleven Madison Park Will Cost $495 Per Person Before Tax & Tip4

Wine pairings are included in the price of the one-week-only event.

After tax & service charge, you’re at $647, or $1,293 for two. That’s almost $300 more than what you might spend on dinner for two at Alinea proper. In Chicago, the tasting menu typically starts around $210 (it can range from $185-$265 depending on your reservation) and wine pairings generally start at $165 or thereabouts.

So after 20% service charge and 11.5% Chicago sales tax, you’re at $502 for one or $1,004 for two. 

If you’re ordering the $265 “prime time” menu at Alinea, your meal can cost around $575 or $1,151 for two. So Alinea, even at its most expensive, is still a lot less than what Alinea at Eleven Madison is charging. That all said, we’d expect a few tricks up the sleeves of Grant Achatz and Nick Kokonas when they show up at EMP. And when you factor in the cost of plane tickets to Chicago and a night or two in a hotel, yeah you’re actually saving a few bucks by doing it The Big Apple.  

Is this a BUY HOLD OR SELL? Your call, world. But we might give this one a try. 

Is Eleven Madison Park more expensive than Noma, the “World’s Best Restaurant”?
The question was raised during an insightful discussion on Eater last week, when NyMag’s Adam Platt, Betsy Andrews, TONY’s Jordanna Rothman, Robert Sietsema of the Village Voice, BuzzFeed’s Matt Buchanan and Bloomberg’s Ryan Sutton contemplated Eleven Madison’s move to raise its entry-level price point to $195; the cheaper $125 menu will be eliminated. 
And so it goes that yes, Eleven Madison will in fact be more expensive than Noma, at the prevailing exchange rates at least. Noma’s 20-course menu is 1500 DKK, or $249 USD. Add on 950 DKK wine pairings and you’re at $407. Eleven Madison Park’s tasting comes to $251 after tax & tip, or $438 with the beverage pairing. Keep in mind that Noma’s prices are reflective of VAT; tipping isn’t expected in Copenhagen.
Then again, lots of restaurants are more expensive than Noma (Masa, Per Se, Alinea, etc). And it’s also worth noting that many of the commenters on Eater last week, myself included agreed that Eleven Madison Park’s pricing is fair. But we’re all a little worried curious about the magic tricks. 

Is Eleven Madison Park more expensive than Noma, the “World’s Best Restaurant”?

The question was raised during an insightful discussion on Eater last week, when NyMag’s Adam Platt, Betsy Andrews, TONY’s Jordanna Rothman, Robert Sietsema of the Village Voice, BuzzFeed’s Matt Buchanan and Bloomberg’s Ryan Sutton contemplated Eleven Madison’s move to raise its entry-level price point to $195; the cheaper $125 menu will be eliminated

And so it goes that yes, Eleven Madison will in fact be more expensive than Noma, at the prevailing exchange rates at least. Noma’s 20-course menu is 1500 DKK, or $249 USD. Add on 950 DKK wine pairings and you’re at $407. Eleven Madison Park’s tasting comes to $251 after tax & tip, or $438 with the beverage pairing. Keep in mind that Noma’s prices are reflective of VAT; tipping isn’t expected in Copenhagen.

Then again, lots of restaurants are more expensive than Noma (Masa, Per Se, Alinea, etc). And it’s also worth noting that many of the commenters on Eater last week, myself included agreed that Eleven Madison Park’s pricing is fair. But we’re all a little worried curious about the magic tricks. 

Business Publication Interviews Chef at One of New York’s Most Expensive Restaurants And Fails to Mention Any Prices

Here’s an interview with Daniel Humm, the chef at Eleven Madison Park, which holds three Michelin stars. Sometime after Labor Day, dinner at the ambitious Manhattan eatery will start at $502 for two after tax and 20% tip. Yes, it’s is one of America’s best restaurants; I awarded four stars in my review for Bloomberg News.

But Eleven Madison is also one of New York’s most expensive restaurants. And this interview doesn’t mention a single price. If we as business journalists fail to mention the costs associated with the luxurious culinary establishments we write about, we’re doing a fundamental disservice to our readers, who rely on us to tell them whether they afford, and how much they’ll spend, at the restaurants we highlight. This holds true no matter how plentiful or scare the disposable income of our readers might be. 

How can we have a conversation about fine dining if we can’t even mention the cost to the consumer?

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Eleven Madison Park Eliminating $125 Menu4

Eleven Madison Park, which boasts three Michelin stars and four Bloomberg News stars, is about to get more expensive — for some. ”Not long after Labor Day,” according to Jeff Gordinier of the New York Times, dinner will start at $195 per person. That’s the same price as the current tasting menu, but it’s a 56% price hike for those who previously opted for the shorter $125 menu, which is being eliminated. 

Under Eleven Madison Park’s new format, the entry-level cost of dinner, after tax and tip, will be $502 for two, or $1,004 for four. Previously, EMP’s starting cost for two was $322, or $644 for four. Is Eleven Madison still a STRONG BUY at these prices? We don’t see why not; some of our best experiences occurred while enjoying the longer menu and its excellent clam bake.

Then again, it will be incumbent upon Eleven Madison to convince regulars that spending at least an extra $180, for two, per visit, will be worth it. And if this 56% price hike of sorts results in some guests restricting their visits to once or twice a year instead of three of four times, Eleven Madison will have to work even harder to make sure those “occasional” diners still feel like coddled “regulars,” and that the increasingly expensive experience brings increasingly rarefied pleasures amid increasingly scare reservations. 

The Times also reports that the longer option will be the only option at lunch. We’re very curious to see what owners Will Guidara and Daniel Humm have up their sleeves (which, according to the New York Times, might be a few magic tricks… ) We’ll offer more musings on the new menus at Eleven Madison in the coming weeks and months (Last Update: 7:55pm, 27 July 2012).