CGRS LTD AUCTION COLLECTS $220,029!

[cigarros]

London, ENGLAND, December 3, 2009 – There’s a recession on and people everywhere are feeling the pinch. But for one night, anyway, cigar lovers gathered on the cigar-friendly terrace of the famed Boisdale restaurant to bid on 162 lots of rare and vintage cigars at the highest-profile cigar auction of 2009.

The show, organized by Cgars Ltd. chief Mitchell Orchant with Brian Ebbetsen – the founder of the Christie’s cigar auctions – realized sales on 147 of the 162 lots and with some amazing sales on some items, collected a total of £132,221 or about $220,029 U.S.

There were plenty of highlights, including nine lots which sold for $5,000 or more and another nine which brought between $3,000-4,999!

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[anacostiakat]

Interesting stuff!

[android]

Thanks for that info.

[El Presidente]

Congratulations to Mitchell and Brian

That is not an easy result to pull off given current market conditions.

[Ellery]

Thats crazy

[samb]

D@mn, thats alot of money for a box of smokes. I cant imagine how much it hurts to smoke one!! But for investment purposes, I could justify it.

[aavkk]

Congrats to MO and for all who left the auction with a piece of history AND some great soon to be memories.

[Tampa1257]

Mo had an incentive (12.5% VIG) on top of what the auction collected.

[BonVivant]

It is 25%, 12.5 from the buyer and 12.5 from the seller, but that is not the point.

Reviews, please, from the lots of the auction!

[paesano]

I second that!

[Stalebread]

And Mo is setting up another auction for June.