No Castro Signature on Cuban Cigar Humidors
By REUTERS
Published: March 3, 2007
Filed at 3:29 p.m. ET
Corrects number to 400 million from 400,000 cigars in last paragraph
HAVANA (Reuters) - It is the closest you get to a capitalist stock market in communist-run Cuba: dozens of wealthy merchants bidding high stakes for humidors full of premium cigars.
Cuba's annual Habanos festival ended on Friday night with an auction of five ornate humidors of cedar and mahogany stacked with hand-rolled stogies that raised 533,000 euros ($703,560) for the country's health care system.
The five humidors sold like hot cakes even though, for the first time in nine years, they did not bear the signature of Cuban leader Fidel Castro, who has not appeared in public since undergoing emergency surgery seven months ago.
The 80-year-old revolutionary has missed the last four annual auctions, but three of his sons attended the lavish $550 a plate gala dinner for a thousand cigar aficionados and retailers from the world over.
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Cuba produces one third of the 400 million cigars sold each year in the world. Its sales grew 8 per cent to $370 million in 2006, despite growing smoking bans in many countries and U.S. sanctions that ban Cuban cigars in the world's largest market.
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http://www.nytimes.com/reuters/world/international-cuba-cigars.html?_r=1&oref=slogin