Key Details: Focusing on caviar and champagne, Tsar Nicholas II is Baccarat hotel's new, luxurious take on the classic afternoon tea.

Competitors: The Peninsula ($60-$72 for classic afternoon tea, $285-395 for afternoon tea with caviar and champagne); Mandarin Oriental ($48 for classic afternoon tea); Ritz-Carlton Central Park ($56-89 for classic afternoon tea)

Price: $400 paired with Lung Ching Imperial tea, or $600 paired with Krug Grande Cuvée NV 750ml

Why It’s Worth It: If you're going out for Champagne and caviar—not afternoon tea—you'll spend as much anywhere else. And the interiors at the Baccarat are like no other.

Take the elevator to the second floor of the glitzy, year-old Baccarat hotel in Midtown Manhattan, and the doors will open in the Grand Salon, a bright and dazzling parlor with giant windows that overlook the Museum of Modern Art and Baccarat crystal dangling from every nook and cranny. Since the hotel’s opening, it’s been a place filled with women in fur coats and business meetings over $24 whiskey cocktails. Now it’s also home to the city’s most expensive afternoon tea service.

At $600, the Baccarat’s Tsar Nicholas II menu is 10 to 20 times as expensive as those of most of its competitors. For comparison’s sake, you can spend just $30 to $70 and sip premium teas at the Peninsula, or nibble on dainty pastries from three-tiered trays at the Mandarin Oriental. The hotel is also outdoing its own self; it already offered two excellent tea services called the King Louis XV ($95) and the Prince of Whales ($110), both with artisanal-leaning offerings such as rose-scented madeleines and tomato-white cheddar brioche.

But as much as the Baccarat is playing in a crowded market—there’s an afternoon tea for every need, style, and mood in New York—it’s also reigniting a culinary tradition that can often feel neglected or worn. Its strategy? Make afternoon tea feel indulgent again.

Whereas Baccarat’s other two services make for beautiful, light afternoon meals, the Tsar Nicholas II is primarily and unabashedly about two things: caviar and Champagne. And tea, if you'd like.

A third of that $600 price tag is allocated to Champagne. The service is meant to feed two, and comes with 750 milliliters of Krug Grande Cuvée NV. You can opt to skip the Champagne and stick to “just” tea for $400.

Another third of that price, roughly, goes to caviar: a generous 30 grams of Petrossian's Tsar Imperial Ossetra, one of the higher grade caviar offerings from the brand. (The Petrossian shop a few blocks away sells this 30-gram tin of Tsar Imperial Ossetra for $170.) It comes with classic accoutrements of chives, egg yolks and whites, red onions, and crème fraîche, all presented on a tiered Baccarat crystal stand.

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