Charles Shaker forked out the fortune in an exclusive bash at the Monaco Grand Prix.
In front of overjoyed VIPs, including Formula One boss Flavio Briatore, 12 waiters carried nine different sized champagne bottles aloft into the party, the Mirror reported.
Star of the Armand de Brignac Brut Gold Dynastie collection was a colossal 30L Midas, which weighs over 100lb and equals 40 standard bottles.
It needed four men to lug it in a golden bucket.
One of the partygoers told the publication that everyone was dancing, when the music suddenly stopped.
"We then saw what seemed like a never-ending stream of gold bottles being bought in,” the insider said.
The partygoer asserted that the club went crazy and waiters were pouring champagne for everyone.
Onlookers included Armand de Brignac boss Brett Berish and Leonardo DiCaprio.