PHILADELPHIA (CBS 3) ― Sliced, sizzled and slathered with cheese ... the famous Philly cheesesteak serves as an iconic representation of our city and now, an expensive luxury.
That's because Chef James Locascio, of Rittenhouse Square's Barclay Prime, created Philadelphia's "haute" cheesesteak, an upscale version of the sandwich that includes butter poached lobster and shaved truffles.
"It's every ingredient you want to try in a life time in one," said Locascio.
Still, that kind of lavishness doesn't come cheap. For one cheesesteak, expect to pay $100. That is nearly 15 times more than the original.
"We made sure we had the best beef we could find, the best lobster and the right cheese," explains Locascio.
To get top of the line ingredients, Locascio says it costs $17 per pound for cheese, $21 per pound for Kobe beef and $900 per pound for summer truffles.
So who buys the costly sandwich?
On average, five or six customers order it per night and many share it as an appetizer.
Locascio says, "It all adds up, a quarter of a million dollars a year in cheesesteaks is pretty good."
With other steak shops selling their sandwich for about $7 a pop, you might say that's really good.
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Expensive Cheese Steak
Matriarch
I have a weakness for truffles 
Active Ink Slinger
Cheesteaks are one of the few things that I miss about Phillie
Active Ink Slinger
the cheesesteak is an instiution dont mess with perfection lol
Active Ink Slinger
Having been born and raised in Philly this is not a cheesesteak its a wannabe for the idiot millionaires that come here and dont know any better 
Candy Connoisseur
Oh god...I'd love a cheese steak right now...just the original one will be fine thanks..you dont waste good lobster on a damn sandwich..
Active Ink Slinger
I haven't had a Philly Cheesesteak in ages! mmmmmm I think I am going out to get one tonight!
Active Ink Slinger
Bring me one when you go
Prolific Writer
I will just have the regular cheese steak that costs around $8.00.
Steak, cheese, peppers, onions, mushrooms
Heaven
Very affordable and very delicious...YUMMY!
Steak, cheese, peppers, onions, mushrooms
Heaven
Very affordable and very delicious...YUMMY!