My mum told me "nothing good will ever come from smoking cigars?

[El Presidente]

 

.....take this mum 👇

 

[BrightonCorgi]

Who paid that? I got a bunch of other stuff for him!

[El Presidente]

9 minutes ago, BrightonCorgi said:

Who paid that?  I got a bunch of other stuff for him!

This man is a legend. No disparaging will be permitted  

[Fugu]

Well, had at least needed two having lost their right mind. 😂

[Cestis4]

Probably the transaction had nothing to do with cigars.  Easy to use the site as an escrow, while selling something else behind the scenes. Just my 2 cents. 

[Lucas Buck]

WoW 

[griller]

Dang! With auction fees that's well over $400 per cigar! 

[BrightonCorgi]

3 hours ago, Cestis4 said:

Probably the transaction had nothing to do with cigars.  Easy to use the site as an escrow, while selling something else behind the scenes.  Just my 2 cents. 

Like the 15K lamp shades or chest of draws named after women on Wayfair? 

[JohnS]

What El Pres will tell his mum this weekend...

¡Te lo dije, mamá! ¡El negocio de los puros dará sus frutos algún día! (I told you mum. The cigar business will pay off one day!) 😂

[JPark3]

18 hours ago, BrightonCorgi said:

Who paid that? I got a bunch of other stuff for him!

Listen, I'm not looking to let go of anything in particular at the moment. HOWEVER...

[gormag38]

This is absolutely crazy! A disgusting price for some panetela, regular production cigars.

Let me preface my next comment; I love BR and the company that it has turned into. It seems like it has been a fruitful venture for Rob and Fox and that is absolutely awesome for folks to have success. Also, the line of cigars they have been putting out have been very good; I for one have purchased a cab of the petite 109s and they are one of the only NCs I smoke.

With that being said, in America it has created an over inflated guidebook for folks looking to sell their cigars...kinda like a Kelly Blue Book but for cigars instead of cars. This has just further inflated the pricing on these cigars and in cases like this, to prices that are just astronomical. 10 count boxes of Monte 2s going for $600+. etc. When looking for houses the term I always heard was; "a house is worth what someone is willing to pay". That makes sense for a house...but does it hold the same weight for cigars? I could make the argument both ways if I'm being honest. 

I guess this is partly just me feeling the price fatigue with Habanos. Everyday CCs that I used to see 2 for $125 deals are now going for $350 on secondary sales. (Up to $10K on auction sites). Everyone wants to maximize their profits. I suppose more power to them.

[Boss Hog]

5 hours ago, gormag38 said:

With that being said, in America it has created an over inflated guidebook for folks looking to sell their cigars.....kinda like a Kelly Blue Book but for cigars instead of cars. This has just further inflated the pricing on these cigars and in cases like this, to prices that are just astronomical.

Only going to get worse, my fellow brother.
Ran my mouth the other night after one too many drinks. Told the wife that we had a Lamborghini in the basement. Poor thing is still down there wandering around in circles wondering where it’s parked. 🤣

[gormag38]

1 hour ago, Boss Hog said:

Poor thing is still down there wandering around in circles wondering where it’s parked. 🤣

1 hour ago, Boss Hog said:

Only going to get worse, my fellow brother

You are not wrong unfortunately. What'll truly be interesting is if/when the embargo is ended how that will change the market. In my rose colored glasses: the distributor for North America would have their prices and the B&Ms would more or less resemble that. If 'Jimmy' could get some Lusi down the street for $500 he'd have no real need to buy from 'Joe' across the country. 

[ha_banos]

I was chatting to Alex when he was here saying I'd be super anxious about shipping a box of it went for a lotta money. Even with the protection offered I'd be anxious.

[Dadof3]

Do we know if the purchaser understood the bidding? Did they make a mistake and think the bid was actually for $1000?  

[wathabanos]

🤣🤣🤣

[Cigar Surgeon]

1 hour ago, ha_banos said:

I was chatting to Alex when he was here saying I'd be super anxious about shipping a box of it went for a lottalotta money. Even with the protection offered I'd be anxious.

For 10k I'm driving that and personally delivering it.

[El Presidente]

BR is simply a marketplace good people. I think it is something often forgotten 

The process where the market determines pricing is called "Price Discovery: Definition: the process where buyers and sellers interact (through bids, offers, transactions) and collectively determine the “true” market price of a good or asset.

It generally takes more than one transaction to determine "true" market value! You will always have outlier sales/pricing/values. In terms of these Montecarlos, the bidders are experienced buyers. 

The only thing that housing (in many western markets) and Cuban cigars have in common is a lack of supply and incompetent administrations who can't find a way to increase it or at least manage the supply/demand equation. 

I would love there to be a USA distributor for Cuban cigars. Each store would get maybe one box of Lusitanias with 50 buyers clamoring for it. Unless supply is greatly increased, the situation would only turbocharge demand. 

[zacca]

4 hours ago, gormag38 said:

You are not wrong unfortunately. What'll truly be interesting is if/when the embargo is ended how that will change the market. In my rose colored glasses: the distributor for North America would have their prices and the B&Ms would more or less resemble that. If 'Jimmy' could get some Lusi down the street for $500 he'd have no real need to buy from 'Joe' across the country. 

Except if that happens, those Lusis are gonna be 5000, not 500. Cuba has no way of meeting the demand, so price will win out. 

[zacca]

4 hours ago, Dadof3 said:

Do we know if the purchaser understood the bidding?  Did they make a mistake and think the bid was actually for $1000?  

All you have to do is look at the bid history to conclude, that yes, him and someone else knew exactly what they were doing. 

[El Niño]

Lighting one up in honor. Never felt more like a magnate than lighting up a $400 cigar 🤑

[Fugu]

18 hours ago, El Presidente said:

The process where the market determines pricing is called "Price Discovery: Definition: the process where buyers and sellers interact (through bids, offers, transactions) and collectively determine the “true” market price of a good or asset.

It generally takes more than one transaction to determine "true" market value! You will always have outlier sales/pricing/values.

Yeah, basically true. Now, seriously, surely not so in this case, even considered outlier. Won’t you think, Rob? The hammer price is so far and beyond from any, even the most upper-end, current market value. Something fishy going on there. Not sure whether it would be in the auction site’s best interest and responsibility to check the transaction, but I would certainly have a closer look into it. Experienced bidders or not.

[el.barbudo]

20 hours ago, wathabanos said:

🤣🤣🤣

Indeed!  Hopefully my box from 2008 would go for close to $15k even though it only has 21 left?

[Joeyjojo]

How long until El Pres is seen on a yacht like Rocky Patel?  

[JDoughty]

1 hour ago, Fugu said:

Yeah, basically true. Now, seriously, surely not so in this case, even considered outlier. Won’t you think, Rob? The hammer price is so far and beyond from any, even the most upper-end, current market value. Something fishy going on there. Not sure whether it would be in the auction site’s best interest and responsibility to check the transaction, but I would certainly have a closer look into it. Experienced bidders or not.

All jokes aside, I would be a bit concerned that something unusual and possibly extralegal might be going on here. I don't know the legalities well enough to guess if such a thing could be a problem for the hosting site or not. I also don't know if it could just be a case of cigar noob with more money than sense. Also possible.