London vintage cigar auction expected to realise $459,500

London vintage cigar auction expected to realise $459,500

June 10 will see C.Gars Ltd's 8th Vintage Cigar Auction held at Boisdale Canary Wharf in London, featuring an estimated £300,000 ($459,500) worth of vintage, rare and mature cigars and cigar-related lots.

The auction is expected to be the company's biggest to date, as the cigar market continues to grow amid strong sales.

"The global vintage cigar market remains robust because of, rather than despite of, the smoking bans," commented founder Mitchell Orchant to Tobacco Reporter.

"The great thing about fine cigars is that not only are they very enjoyable to smoke, but they also provide a good return if you decide to sell them."

In March, an auction of luxury cigars in Cuba saw excellent results and was attended by famous names such as Danny Glover and Boris Becker.

- Paul Fraser Collectibles

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