As you have heard by now, Barack Obama was elected president at 11:01 p.m. Tuesday, November 4th, 2008.

E! News has learned that Courteney Cox and hubby David Arquette hosted a Barack Obama victory party Tuesday night at their Beverly Hills home.

Sources say that Jennifer Aniston, Sacha Baron Cohen and Isla Fisher were among those in attendance, and that the Cristal was flowing liberally (pardon the pun) as Arquette made the rounds with his guests.