The famous champagne tower at Jay-Z’s 40/40 Club — shown on a night when the president wasn’t there. (Theo Wargo/Getty Images)

Only a few gleaming bottles near the top were visible. Guests, who paid $40K each for the privilege of attending, did however enjoy champers served in flutes. Obligatory VIP banter aimed at co-hostess Beyonce: “Jay-Z now knows, you know, what my life is like,” joked POTUS. “We both have daughters. And our wives are more popular than we are.”

Related: Secrets of big-ticket fundraisers, 9/19/12

Read also: Jay-Z, Beyonce raise money for Obama (Campaign 2012), 9/18/12

Read earlier: Beyoncé and Jay-Z recruit donors to next star-studded Obama fundraiser, 9/13/12

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