World's most expensive cocktail will cost a hefty $14,500 - would you buy it?

Would you spend $14,500 for a cocktail that's been dubbed "liquid gold?" Well, a bar in England is hoping that some customers will do just that.

The 'Gigi's', pronounced "gee-gees", is aimed at the fabulously rich of Mayfair, England where property regularly fetches over $65 million.

The cocktail was created especially for singer Grace Jones at the star-studded opening of Gigi's restaurant as the owners wanted to give her special thanks for attending.

A flute is filled with a vintage Champagne and an ultra-rare Armagnac to create the 'liquid god' Gigi's cocktail

Cesare Papagna, the restaurant's manager, said he wanted to give the iconic film star something "truly special" to mark the occasion, according to the Telegraph.

Due to its price, the drink must be paid for in advance to prevent the "rather embarrassing" situation where a patron's debit or credit card is declined.

Cesare Papagnasaid: "We did not set out to create a cocktail for the fabulously rich but rather to give Ms Jones something memorable to thank her for coming. The taste was magnificent, as you would imagine."

He said the Gigi's - described as tasting 'like liquid gold' - will not be added to the restaurant's drinks menu but will be available to other "discerning" guests from today.

He added: "The Gigi's isn't the kind of cocktail that you display on a blackboard - if you have to ask the price, you won't be able to afford it."