An anonymous collector purchased the bottle today from The Old Liquors Collection owned by Bay van der Bunt.
It was an extremely rare half-bottle of 1789 A.C Meukow & Co. cognac.
Bay revealed: "In the same shopping spree a 182-year-old Remy Martin from 1830 was traded for £12.900."
Bay owns the world's largest collection of vintage cognacs and rare liquors and is based in Breda, Netherlands. His collection is estimated to be worth £6 million.
The 64-year-old has spent the last 40 years collecting the liquors and admitted that not everyone understands his passion.
"My father said, 'You are out of your mind to collect liquor. Why don't you invest in something worthwhile?' Well, I didn't listen."
Bay did want to sell the collection in its entirety but said that the offer he received for the cognac was simply too good to turn down.
Although many do not understand his hobbie, he is now pleased to prove that it wasn't such a waste of time after all.
"Collecting cognacs and old liquors was very time-consuming and cost a fortune, but it proves to be the best financial investment I have ever made," added Bay.
> Drink driver arrested wearing 'I'm a drunk' shirt
> Woman gets golf cart drink-driving fine