C.Gars Ltd.’s winter auction of cigars was led by a pair of pre-embargo Dunhill lots, the recently released Cohiba Majestuosos 1966 humidor, and a number of other limited edition releases.
The online-only auction featured 363 lots of cigars ranging from handfuls of assorted singles to a cabinet of 500 Punch Coronas that had an opening bid of £35,000, or roughly US $46,666. It fetched the low end of its expected range, with the winning bid £35,000. Only three lots failed to find a winner.
While the prices of Dunhill, good quality vintage, and limited edition Havana cigars continued to increase, “pre-embargo interest seemed a little softer than previous sales as did Davidoff prices which was a surprise,” noted Mitchell Orchant of C.Gars Ltd. in a blog post.
One of the items of note was a Cohiba Majestuosos 1966 humidor, which only recently started arriving at retailers. Bearing number 1952 of 1966 humidors produced, it had an expected winning range of £3000 – £4000, but finished at £6,850, excluding auctioneers fees. That converts to approximately USD $9,168.
A pair of Dunhill releases were also among the featured lots, as a box of 25 Dunhill Cabinetta from the early 1980s fetched £11,000 (USD $14,722), well above its expected range of £5,500 – £6,500. A 10-count box of tubed Dunhill Estupendos from 1985 closed with a winning bid of £8,300 (USD $11,108), easily surpassing its expected bid range of £5,500 – £6,500.
The company’s next auction will begin on March 20, 2018.