Quality of fine champers, maybe, or Pilsener, as drunk (10)
I believe the answer is:
pearliness
'quality of fine champers maybe' is the definition.
'pilsener as drunk' is the wordplay.
'drunk' indicates anagramming the letters.
'pilsener'+'as'='pilseneras'
'pilseneras' is an anagram of 'PEARLINESS'.
'or' acts as a link.
I've seen this clue in The Times.
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