The most common and most likely answer to this crossword clue is the 8 letter word SAGACITY
I've seen this crossword clue in Financial Times
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More clues leading to the result SAGACITY
- University lacking in perception first to decline judgment
- Wisdom in town with elderly tourists?
- Story about X-Factor unknown shows wisdom
- Understanding where population’s 50+?
- Long story with big town showing wisdom
- Urban destination for older travellers shows sound judgment?
- Keen perception in place of old stories?
- Wisdom shown by commander invading southern capital?
- After slump a financial centre shows good sense
- Wisdom in place where everyone’s over fifty?
Buddy explains!

The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does SAGACITY mean?
SAGACITY noun- Keen sense of smell.
- The quality of being sage, wise, or able to make good decisions; the quality of being perceptive, astute or insightful.