Based on wiki, the Bellini originated in mid 30’s to late 40’s by Giuseppe Cipriani, a head bartender at Harry’s Bar [wiki]. It is made up of peaches and Italian sparkling wine.
I of course love the Cactus Club’s version, but I’m determined to find out where else in the city has a good Bellini. I have heard that Milestones, Swiss Chalet and White Spots all make them. Russ has also had one White Spots and he finds it equally refreshing. If anyone else knows of a good place to have a Bellini, please let me know.