Thu, Sep 2, 2010
Tobacco Reporter Magazine Content:
Good demand for vintage Havanas
Jun 24, 2010—Fifty Romeo y Julieta Piramidos, Sir Winston Churchill's favourite Cuban cigars, preserved in pristine condition for almost 60 years, went under the hammer for £128 each at C.Gars' second vintage cigars auction on June 21 at Boisdale Belgravia, London, according to a report by James Leavey, a freelance journalist specializing in cigars.
“The highest bid of the night was for the Cuaba Salamones II Humidor containing 45 cigars, which went for £9,500, more than doubling its original estimate,” said C.Gars' managing director, Mitchell Orchant.
“Virtually all 169 lots were oversubscribed and there was serious interest from America, China, India, Australasia and Europe.
“The auction confirmed the huge increase in the sales of rare vintage Havanas. They’re a great investment for there is no capital gains tax on cigars – they’re considered a ‘wasting product’.”
Jun 24, 2010—Fifty Romeo y Julieta Piramidos, Sir Winston Churchill's favourite Cuban cigars, preserved in pristine condition for almost 60 years, went under the hammer for £128 each at C.Gars' second vintage cigars auction on June 21 at Boisdale Belgravia, London, according to a report by James Leavey, a freelance journalist specializing in cigars.
“The highest bid of the night was for the Cuaba Salamones II Humidor containing 45 cigars, which went for £9,500, more than doubling its original estimate,” said C.Gars' managing director, Mitchell Orchant.
“Virtually all 169 lots were oversubscribed and there was serious interest from America, China, India, Australasia and Europe.
“The auction confirmed the huge increase in the sales of rare vintage Havanas. They’re a great investment for there is no capital gains tax on cigars – they’re considered a ‘wasting product’.”
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