The notion of a single cocktail costing $1,000 might seem over the top, but if you’ve ever been to the Kentucky Derby, you know that over the top is exactly the point. It is, after all, an event where it is not uncommon to see a woman walking around in a $10,000 hat while eating an $8 plastic tray of nachos.

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For the 13th year, Woodford Reserve, the…