La Flor Dominicana’s First NFT Sold for $85,000

La Flor Dominicana’s first NFT sold for $85,000 while the second NFT is over $50.000 now. The cigar is a 6¼x41 Lonsdale called The Golden Bull and seems to have the same blend as the Andalusian Bull. In total La Flor Dominicana hopes to sell 7 NFT’s.  The owners of the NFTs will be able to purchase 70 of The Golden Bull cigars per month. If the ownership changes hands, the new owner will also be able to purchase The Golden Bull cigars for as long as they own the token. In addition, each auction winner will receive a Gold Bullion Humidor, a 50-count humidor that will be personalized for each auction winner.

Now if this was a cigar shop that bought the NFT, let’s do some simple math to see how long it will take them to make money on their investment. Say they buy those 70 cigars a month for a wholesale price of $7 each and they sell them for an inflated price of $30, it means a gross profit of $23 per cigar. That is $1610 a month. It will take a retailer 53 months before reaching the break-even point and that’s excluding all the other costs. And though the cigars will be hot and in high demand for a while, I don’t expect that heat and demand to remain this high for 4 ½ year. So if this is purchased by a retailer as an investment, good luck to him.