Do you view your current aged cigar purchases as an investment?

[Cigar Surgeon]

They're just dead leaves rolled up in a cylinder to be lit on fire.

I've only momentarily considered the valuation of my cigars.  The same goes for all my whisky. 

[BlueRidgeFly]

It is hard to resist the idea of selling some for a quick windfall. But the few times I’ve considered it all I can think about is the harsh thought of having that many fewer Cuban cigars to smoke.

[Silverstix]

I have no plans to replace anything at these current prices, so when they are all smoked that's it.  For that reason alone I won't sell any of my collection unless I have to.

[Çnote]

1 hour ago, GVan said:

1997 Heitz, Martha's Vineyard

Baller 

 

1 hour ago, Cigar Surgeon said:

They're just dead leaves rolled up in a cylinder to be lit on fire.

Technically correct, the best kind of correct.

[Greenhorn2]

I have bought many cigars but haven't sold the first. That's not what I bought them for. I have gave away many to people and traded some here and there just to share the enjoyment with others. My wife on the other hand may have a different approach after my demise. 

[Ford2112]

I have never bought cigars with the idea of selling them as they age and I never will. They are to be smoked. There are plenty of options in both CC and NC that are still affordable and enjoyable to me. I will buy here and there as I see fit. 

[NSXCIGAR]

5 hours ago, Ford2112 said:

I have never bought cigars with the idea of selling them as they age and I never will. They are to be smoked. There are plenty of options in both CC and NC that are still affordable and enjoyable to me. I will buy here and there as I see fit. 

Yep, I've never bought a cigar with future value in mind. I've bought cigars with present value in mind, i.e. flipping, but I've never "held" cigars with the intention of selling. 

[RDB]

I intend to smoke them for many years to come. At a slower rate, and with many more NCs in the mix, plus some further Cuban purchases to keep me going.

I reckon I’ll be smoking my current stock of DCs, Churchills, Cohiba etc in 20 years’ time.

[Wookie]

On 5/7/2023 at 11:06 PM, BrightonCorgi said:

Investment does not necessarily mean you have to sell it at a future point.  An investment for later consumption decades later.  For your legacy; who knows.  Maybe sell them when you realize you cannot ever finish them.

People buy/invest/collect wine all the time and come to a realization that they cannot consume 10k bottles in their cellar at 70 years old.  The plan was to drink them all, but the reality is much different.  What does one do now?  Sell.

 

Wine is fickle...expensive to store, oxidizes over time, bad vintages. Loses value at some point (except for maybe certain trophy/collectible names, right?).  I don't think 1976 Haut Batailley has much value today, at least to connaisseurs. As long as cigars are whole and look good, I don't think they can lose value.

[BrightonCorgi]

2 minutes ago, Wookie said:

Wine is fickle...expensive to store, oxidizes over time, bad vintages. Loses value at some point (except for maybe certain trophy/collectible names, right?).  I don't think 1976 Haut Batailley has much value today, at least to connaisseurs. As long as cigars are whole and look good, I don't think they can lose value.

You'd still make money on the '76 Batailley over what it cost in '76, but not like you had a '76 box of Monte 2's or bought gold.

[Sir Diggamus]

As a few others have stated I have only viewed my collection as an investment in future smoking pleasure. I have never bought and held cigars with the intention to sell later, only to smoke. Even with the way prices have been going crazy I haven't thought of selling off anything. I guess for folks that have bought as an investment they hit better than the stock market could ever return. I am just glad I have been able to enjoy great cigars and have a few more sitting around to enjoy over time. 

[Bijan]

11 minutes ago, Sir Diggamus said:

I guess for folks that have bought as an investment they hit better than the stock market could ever return.

Not entirely the case... I've seen major stocks go 20x (Tesla) or 50x (AMD) in the past half dozen years. Even the most expensive Cubans have gone 4x or 5x and they're nowhere near as liquid.

[Sir Diggamus]

@Bijan True. I was more referring to an index on the market, not particular stocks. There are definitely some that have gone nuts over time. 

[Bijan]

1 hour ago, Sir Diggamus said:

@Bijan True. I was more referring to an index on the market, not particular stocks. There are definitely some that have gone nuts over time. 

Makes sense! Yeah CCs during the last 2 years have outperformed the general market over almost any 2 year period, also with very little risk of loss.

[BernardL]

I never really thought of investments, at least financially speaking, when I first started to buy boxes, 5/6 years ago.

Some "pricier" boxes (like Punch DC for $399... lol), I was justifying as an investment for myself, over time. Like I'll have a great cigar for the next 20 years.

Since the recent price hikes, I was offered the opportunity to buy boxes I already had, or that I didn't enjoy (such as QdO Senadores), at retail price, which I did. I might sell them at some point, I'm not sure. I did buy a box of Legados, way too expensive, that I plan on selling when things get worse.

[TheCigarslayer]

I've only recently actually had to calculate my cigars in monetary value due to drafting my prenup...it was actually the only part that made me pause. For most "rare" or even now "expensive" reg production I do get a laugh when I light up a now-expensive cigar but they were never investments in the traditional sense to sell later. I did buy them knowing "prices rarely ever go down. you only regret things you didn't do not the things you did". 

 

It's just a bunch of leaves, that will be burned to ash one day. My life goal includes burning every damn one of these stupid things regardless of future prices.