Bartenders from Sydney’s Dean and Nancy on 22, and Melbourne’s Sky Bar have joined forces to create one of the world’s most expensive cocktails, the Woodford Reserve ‘Gold Fashioned’.

The drink, which will be priced at $15,000, has been made for Woodford Reserve’s Old Fashioned Week, a national celebration of the original cocktail, which will be held from 5 to 14 November.

The cocktail itself includes Woodford Reserve Baccarat Edition bourbon (finished in XO Cognac casks), a gold-infused reduction of Chateau d’Yquem sauternes wine, and handmade saffron and vanilla bitters.

Woodford Reserve Old Fashioneds being prepared

The drink was introduced to media and guests at a special event held yesterday (2 November) at Dean and Nancy on 22.

Here it was also revealed that two drinkers will see their regular Old Fashioned order upgraded to a ‘Gold Fashioned’ at no additional cost.

One upgrade will occur in Sydney at Dean and Nancy’s, while the other will happen at Sky Bar in Melbourne. To be in with a chance, drinkers simply need to order an Old Fashioned at either venue during the course of Woodford Old Fashioned Week.

Stefano Filardi, Bartender and Venue manager at Dean and Nancy on 22 explains the inspiration behind this drink.

“After years of lockdowns and missing out, we’re finding that our guests are eager to splurge, particularly if it’s for an experience they can’t get anywhere else,” Filardi says.

“We were already celebrating Old Fashioned Week, but wanted to take it even further. So, we took some of the world’s finest ingredients, including a luxurious bourbon like Woodford Reserve and added touches of decadence, including a handmade saffron and vanilla bitters and even a gold-infused Chateau d’Yquem reduction to create a cocktail experience that’s never been seen or done before,” he continues.

Andy Tsai, Woodford Reserve Brand Ambassador, echoes this message.

“There are few cocktails more classic than the Old Fashioned – a drink that is well loved in Australia and around the world for its sweet undertones, bitter yet smooth flavour and versatility across sipping occasions.”

“The Woodford Reserve Gold Fashioned offers cocktail connoisseurs the chance to experience the taste of luxury for themselves,” Tsai says.

Stefano Filardi puts the finishing touches to the Gold Fashioned

According to Woodford Reserve, the ‘Gold Fashioned’ is Australia’s most expensive cocktail, and the second most expensive in the world, after the Ritz-Carlton Tokyo’s Diamonds Are Forever Martini (priced at $19,000).

Filardi also explains there will be alternative cocktails available for those who don’t have a spare $15,000.

“We know the price tag is big, but we think every dollar is worth the ‘Woodford Gold Fashioned. And for everyone else looking to enjoy a bit of luxury without the investment, we have a list of cocktails and exciting things on offer during Old Fashioned Week that won’t cost an arm and a leg,” he comments.

Tsai shared Filardi’s sentiments and emphasised the week’s accessibility, saying that “for those seeking a premium Old Fashioned experience with less of a price tag, we’re excited to offer something for everyone at Woodford Reserve Old Fashioned Week – whether Old Fashioned aficionado or first-time experimentalist.”

Some bars are offering experimental and interesting Old Fashioned cocktails – for instance, Brisbane’s Death and Taxes is producing a Matcha Old Fashioned during the week’s festivities.

La Luna on the Gold Coast is serving up a slightly more reasonable $400 Old Fashioned, while down in South Australia, Leigh Street Luggage have a special smoking gun to utilise a specific type of woodchip to impart flavour.

A list of participating venues can be found below.

NSW:

Apollonia, Sydney

Baxter Inn, Sydney

Chin Chin, Sydney

Dean & Nancy on 22, Sydney

Door Knock, Sydney

Doss House, Sydney

Duke of Clarence, Sydney

Fortunate Son, Sydney

Jolene’s, Sydney

Shady Pines, Sydney

The Intercontinental, Sydney

The Rover, Sydney

Websters Bar, Sydney

VIC:

Bar Ampere, Melbourne

Botswana Butchery, Melb

Chin Chin, Melbourne

Clooney Kitchen & Bar, Melb

George on Collins, Melb

Hats & Tatts, Melbourne

Howler, Melbourne

Mongkok, Melbourne

Oche, Melbourne

Ponyfish Island, Melbourne

Sky Bar, Melbourne

Society, Melbourne

The Cloakroom, Melbourne

The Everleigh, Melbourne

The Atlantic, Melbourne

White Oaks Saloon, Melb

SA:

Alfred’s Bar, Adelaide

Bank Street Social, Adelaide

Hains & Co, Adelaide

Leigh St Luggage, Adelaide

Memphis Slims, Adelaide

Nineteen Ten, Adelaide

Nola, Adelaide

QLD:

Alba Bar & Deli, Brisbane

Cobbler, Brisbane

Death & Taxes, Brisbane

Dr Gimlette, Brisbane

Genari Group, Gold Coast

HOTA, Gold Coast

Lockwood, Gold Coast

Stratton Bar & Kitchen,

Brisbane

Savile Row, Brisbane

The Gresham, Brisbane

Whisky Boy, Noosa

WA:

Bar Lafayette, Perth

The Old Synagogue, Perth

Foxtrot Unicorn, Perth

Mechanic’s Institute, Perth

Helvetica, Perth

QT, Perth

Who’s Your Mumma, Perth

ANY, Perth

The Beaufort, Perth

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