This plant flowered this spring (May, 2014). The flower lasts about 2 weeks, and it has been opening a new flower every 3 weeks. I ended up putting it in a net-pot, but it turned out the inflorescence did go above ground.
Dracula rezekiana, 'MC2698' x self, on Flickr
Two different lighting of the same flower (more dramatic lighting on the left, and more ordinary way on the right):
Dracula rezekiana, 'MC2698' x self, on Flickr
It is from Troy Meyers' cross (pollination July 2007, so 7 years since pollination). I got it as a big seedling (not flask), so I'm not sure if this is the first bloom of this plant, but it is likely. It is a quick/easy grower under 70-75/60-67F.
It is interesting that the shape and color of the lip is pretty different from its parent (
you can see the parent photo here). Mine has more pinkish lip and the lip seems to be more elongated.