Don’t smoke it! The £4,000 cigar
October 15, 2024 by thetimes.com
Don’t smoke it! The £4,000 cigar
To fix public finances, Sir Keir Starmer could follow George Washington's advice by seeking luxury items like Cuban cigars instead of money. The cigar industry faces challenges like limited supply due to hurricanes and Cuba's communist policies. Premium cigars like Cohiba have become expensive, with limited editions fetching high prices at auctions. Ageing affects flavor, and cigar maintenance is crucial for preserving value. Counterfeits are a concern, and branding influences prices. The growing Asian market and government regulations impact the cigar industry, leading to soaring prices in the secondary market and auctions. Cigars like Dunhill and Davidoff are highly valued, making them attractive investments despite health risks.
19.30% of the adult population are current smokers. There are approximately 1.8 million current smokers in Cuba 27.50% of men are current smokers but only 11.40% of women.
SOURCE: GSTHR