If paying $4.50 for a latte makes you roll your eyes, Starbucks' newest coffee beans aren't for you.
Starbucks (Nasdaq: SBUX) has begun selling high-end Brazilian coffee at its Capitol Hill roastery for $80 per pound. The company recently entered a high-stakes auction called the "Cup of Excellence" and bought up an entire lot of the gourmet coffee for $23.80 a pound, according to the Seattle Times.
You can also get a cup of the coffee, which is only available at the Seattle Reserve Roastery and Tasting Room, for $7.50.
The coffee is called “Sítio Baixadão” (pronounced SEE-tee-o by-sha-DAH-o), according to the Times, and has a variety of tropical fruit notes.Read the Full Article