Cigar values

[simwells]

This is almost definitely too early to say accurately but with everything happening in the world we are starting to see a reduction in perceived value on a a lot of luxury goods. Most noticeable in the corrections happening in chunks of the watch market right now.

Looking at auctions Cuban cigar prices seem to have edged backwards in the last couple of months other than Trinidad and certain limited and regionals, but the pool of data is very hard to judge from this fast.

What do you think? Will some of the peak prices be corrected or will Habanos increase limit how much prices will correct? Or do you think they’ll be successful in the plan to continue to increase their value?

[Max A]

I'll have a stab.

I suspect Habanos will look to increase their income and look to raise prices going forward where possible, they'll just hold the prices during an economic downturn. The global economy looks like it will be in a bit of a mess for a while, so luxury goods will take a hit in terms of demand during the downturn. Likewise, people will need to sell parts of their collection to cover their increasing outgoings, so the supply on the collector's market will increase, which will drive down prices there. I haven't been alive long enough to have gone through many recessions, but it seems luxury goods always bounce back eventually and in recent times bounce back higher. So prepare to take out a mortgage for some Cohibas in 10 years time 😉😂

These are the thoughts of a heavily unqualified economist and occasional cigar smoker 😂

[Midas]

Secondary market is going to be hard to gauge, I think there will potentially be more coming to the auction sites as some people may have to sell some of their luxury goods but if supply stays low on the shelves of retailers I think the prices will remain consistent with where they are now.

In terms of retailer pricing I think there’s a lot of price gauging happening due to the low stock, they’re all pushing the get it quick before it sells out sales pitch. One big online retailer which has always been consistently well priced has been sending emails to buy singles at extortionate prices, I’m sure some of you will also have been getting these emails.

In Cyprus a couple of months ago the shelves in the LCDH were low on stock but the prices hadn’t moved much. Upmann 2’s €16, Lusi’s €20 for a couple of examples, this was after the recent price rises as well. Duty free coming home Monte 4’s were I think €186 a box, I’ve seen these going down under for around $300 a box now.

Retailers are pushing prices to make up for the lack of stock, as long as they’re selling out it won’t change. How much higher it can realistically go remains to be seen but if the hobby is still attracting new people the price at the time is the price they’re willing to pay, it’s the old timers who remember the good old days that won’t pay $20 for a D4 because they’ve been smoking through 4 boxes they bought 10 years ago for $6 a stick.


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[moppy]

Cuban prices seem insane when you can buy a huge variety of non Cuban cigars at a variety of price points and quality.

Anyone getting into regular cigar smoking would (should?) explore non Cubans thoroughly before splashing out on anything Habanos I imagine.

Speaking for myself, as a newbie, I can't imagine buying a Cuban cigar anytime soon when there's such a plethora of Non Cubans that can be bought from the USA.

[Kickback]

Rich people are often little affect by recessions and even become more wealthy during a downturn.
The market is global too so there will always be somewhere not struggling with plenty of cash to spend on burning leaves.

[Simon Bolivar]

Might lead to a temp downturn in the Chinese market though, lots of financial problems over there right now, even more Covid lockdowns going on, ect.

[Tomm783]

I’m with Kickback, luxury car makers are continuing to be strong with Lambo and Ferrari order books full. There are always those who will continue to be wealthy no matter what’s going on.


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[Emaresee]

i've just astounded myself... i did the very unwise thing of looking at the price of some Cohibas in the UK.
I am not sure I know of anyone who would be unwise enough to buy a cab of CoRo at that price... nor the rest.

It then makes me look at the stock locked up in my humis and wonder when cigar thefts will become a thing.... Frightening.

[Hookmaker]

Secondary market is going to be hard to gauge, I think there will potentially be more coming to the auction sites as some people may have to sell some of their luxury goods but if supply stays low on the shelves of retailers I think the prices will remain consistent with where they are now.

In terms of retailer pricing I think there’s a lot of price gauging happening due to the low stock, they’re all pushing the get it quick before it sells out sales pitch. One big online retailer which has always been consistently well priced has been sending emails to buy singles at extortionate prices, I’m sure some of you will also have been getting these emails.

In Cyprus a couple of months ago the shelves in the LCDH were low on stock but the prices hadn’t moved much. Upmann 2’s €16, Lusi’s €20 for a couple of examples, this was after the recent price rises as well. Duty free coming home Monte 4’s were I think €186 a box, I’ve seen these going down under for around $300 a box now.

Retailers are pushing prices to make up for the lack of stock, as long as they’re selling out it won’t change. How much higher it can realistically go remains to be seen but if the hobby is still attracting new people the price at the time is the price they’re willing to pay, it’s the old timers who remember the good old days that won’t pay $20 for a D4 because they’ve been smoking through 4 boxes they bought 10 years ago for $6 a stick.


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Every shop around has known about the rumours of price increase strategy for a year, and as a consequence has boxed up all their pre bought stock in the basements waiting for price increase to come into effect and then restock shelves. It’s pretty obvious already now in many shops.
Arseholes - but I’d of course have done the same - who wouldn’t? 😎


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[PeeJay]

Every shop around has known about the rumours of price increase strategy for a year, and as a consequence has boxed up all their pre bought stock in the basements waiting for price increase to come into effect and then restock shelves. It’s pretty obvious already now in many shops.
Arseholes - but I’d of course have done the same - who wouldn’t? 😎


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Well the prices have gone up but no one has any cigars

[puropunch]

Cuban prices seem insane when you can buy a huge variety of non Cuban cigars at a variety of price points and quality.

Anyone getting into regular cigar smoking would (should?) explore non Cubans thoroughly before splashing out on anything Habanos I imagine.

Speaking for myself, as a newbie, I can't imagine buying a Cuban cigar anytime soon when there's such a plethora of Non Cubans that can be bought from the USA.

Problem is that the variety is insane. I do love a non Cuban Im a massive fan of Nicaraguan cigars but the prices can really be up there with Cubans, it can difficult to find what you like. When I started smoking I did steer clear of Cubans due to price but in reality most of my stock and I mean 98% was bought outside the UK. And punch for punch most are on a par price wise, not withstanding re's etc..

My desert island cigar is a Cuban, but the brand that really got me into cigars was oliva. My first box in fact. and if I was advising a new smoker mate. I wouldn't give them an oliva.. We'll not one of mine anyway 😂 not at these prices

Mine field isn't it but sadly buying in the UK just doesn't make sense either way

[ha_banos]

Who's going to this then? Bargain at 325£... https://www.jjfox.co.uk/the-black-an...g-evening.html

[Simon Bolivar]

Who's going to this then? Bargain at 325£... https://www.jjfox.co.uk/the-black-an...g-evening.html

Not me! Never bought a Talisman, never smoked one & have no desire too. Luckily I am not keen on Maduro wrappers anyway.

[PeeJay]

Romeo y Julieta Linea D'Or Hidalgos

UK £51.99
Europe 41 Euros

The differential is narrowing