Valparaíso, its nineteenth-century grandeur long dissipated by the building of the Panama Canal into at best a mangy, snaggle-toothed charm, like a drunk at the start of another long night, is in the midst of a refashioning, its rough edges repackaged as just rakish enough for the discerning tourist who fancies himself too sophisticated, too edgy for the white sand beaches and moneyed smugness of nearby Viña Del Mar. It is a tribute to Valparaíso that glimpses of its antic spirit remain.