Let’s see: college tuition for two or a bat mitzva at the Ritz?

My daughter becomes a bat mitzva in a month, and my wife and are basically freaking out about how much needs still to be done, and the expense of even the relatively modest celebration we have planned. (To keep costs down, we’re thinking of a cash buffet. Would that be so wrong?)

Somehow, this from today’s New York Times made me feel better:

“In the last couple of weeks, since the bottom fell out of the market, we’ve seen people become more reticent to sign commitments for some expensive venues,” said Joseph Todd St. Cyr, director of Joseph Todd Events, which plans weddings and bar and bat mitzvahs for clients whom he describes as nonshowy, sophisticated Park Avenue types.

“I had one client who was ready to book the Plaza for a wedding, but now he wants to know what are his other options and whether the Plaza will back down on its minimum spending requirement, which runs about $80,000 to $100,000 for a prime Saturday night date,” Mr. St. Cyr said.

“Bar and bat mitzvahs in this town had become a little bit of a show. There’s a little bit of outdoing the Joneses and the Cohens,” he added, noting that typical parties, if devoid of appearances by N.F.L. superstars or the Black Eyed Peas, range from $150,000 to $400,000. [Emphasis added]

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