Salvatore Calabrese creates the world's most expensive cocktail. (YouTube)Famed cocktail bartender Salvatore Calabrese has broken the Guinness World Records mark for creating the most expensive cocktail in history.

"I'm not only going to make the most expensive cocktail in the world but surely the world's oldest cocktail," Calabrese says in a video documenting the eponymous "Salvatore's Legacy" at the Playboy Club London. He notes that the ingredients used have a combined age of more than 700 years: "730 years of history," he says. "Truly a liquid history in a glass."

For the rest of us, sipping the concoction will cost a hefty $8,824.

ShortList Magazine explains that the four ingredients used to make the cocktail are hundreds of years old: a 1778 Clos de Griffier vieux cognac, a 1770 Kummel liqueur, a circa 1860 Dubb orange Curacao and two dashes of Angostura bitters dating from around 1900.

Calabrese surpassed the previous record holder, a high-end Old Fashioned made by the Skyview Bar in Dubai and worth a reported $6,054.30.

You can watch the full video of Calabrese creating the Luxury below: