Woodford Reserve, the official Bourbon of the Kentucky Derby, is offering the world's most exclusive and expensive mint julep for this year's festivities in conjunction with Tiffany & Co.

Continuing their tradition of exotic variations on the classic cocktail for the world's most famous horse race, this year's offering includes an ultra limited edition of three Prestige julep cups to be auctioned off with a starting price of $2,000 apiece.

The sterling silver cups feature a design around the base in 24 karat gold vermeil originally used by Tiffany & Co. on a horseracing trophy created by the famed jeweler in 1876. A limited run of 103 sterling silver cups without the special gold detailing are also available for $1,000 apiece. Proceeds from the cup sales will benefit equine charity The Heart of a Horse Foundation.

Purchasers of the special cups will enjoy a mint julep featuring a unique set of ingredients from around the globe: ice made of rainwater captured on the pristine island of Tasmania, Australia; rare chocolate mint grown in San Diego, California; bourbon smoked sugar from Louisville, KY combining the flavor of raw Demerara sugar and Woodford Reserve barrels; and a small batch of the Master Distiller's personal selection of Woodford Reserve super-premium bourbon.

The 103 traditional cups and three Prestige cups will be presented on Kentucky Derby Day (May 7) at Churchill Downs in The Woodford Reserve $1,000 Mint Julep Cup Experience enclosure, where the cocktails will be constructed. Consumers age 21 years and older can log on to www.woodfordreservemintjulep.com to purchase one of the 103 traditional cups or to bid on one of the three Prestige cups.