This week I posted on SN about Collectible Culture and how many different products have become quasi-collectibles under the fiat money standard. Here might be just another example of a market that is smoking hot since 2020…
Cigars 🔥
🔗 This analysis into the market of cigars & specifically the company Scandinavian Tobacco Group I found to be quite intriguing. A really detailed deep-dive. I wasn’t aware that most premium cigars still to this day were handmade.
Premium cigars are typically handmade, larger than most machine-made cigars, and significantly larger than cigarettes.
Following the end of WWI, the United States was ushered into the roaring 20s. With an economic boom and cultural revitalization, demand for cigars ballooned. Unsurprisingly, this was deflated in 1929 by the Great Depression. It was only during and after WWII that demand for cigars renewed, adding to the massive profits enjoyed by the tobacco industry. Cigar sales remained stable through the 1950s, with the majority of American cigars made by machine. Premium cigars were only a small amount of those consumed, with American tastes gravitating towards the Cuban varieties.