Pre-chill a Nick & Nora glass with ice water and set aside.
Express an orange zest twist over the glass to release its oils, then discard the peel.
Skewer a Luxardo Maraschino Cherry and rest it across the rim as the garnish.
Combine cognac, dry vermouth, gomme syrup, Peychaud's bitters, and orange bitters in a mixing glass.
Add plenty of ice and stir for 20–25 seconds until well-chilled and properly diluted.
Discard the ice water from the chilled glass.
Fine strain the cocktail into the pre-chilled Nick & Nora glass.
Add the prepared cherry garnish and serve immediately.
The Metropole was a fixture at New York's Hotel Metropole in the 1890s and stands as one of the earliest cognac-and-vermouth stirred cocktails on record. Using dry rather than sweet vermouth gives it a leaner, more European character than its Manhattan cousin - treat it with the same reverence.
My Bar Shelf reads your shelf and shows you every cocktail you can make from what you already own, including Metropole.