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Maximizing your cigar sales strategy In today's competitive cigar market, savvy sellers are leveraging advanced auction strategies to protect their bottom line while maximizing potential returns. Let's dive into the mechanics of reserve price auctions and the game-changing after auction market: Reserve price auctions. Your safety net - Set a hidden minimum price for your lot - Maintain control over your sale price - Create a sense of intrigue among bidders The after auction market. A second chance at success - Main auction closes. If reserve isn't met, a 48-hour window opens - Seller's Option (12 hours). Accept the highest bid or hold firm - Highest Bidder's Opportunity (12 hours). Buy at revealed reserve or pass - Open Market (24 hours). All participants can purchase at reserve price Key benefits: - Protects valuable inventory from underselling - Encourages competitive bidding - Provides multiple opportunities for sale completion - Maintains engagement beyond the initial auction period Implementing your strategy: - Set realistic reserve prices based on market data - Craft compelling lot descriptions to drive interest - Engage with potential buyers throughout the process - Be prepared to make quick decisions in the After Auction Market By mastering reserve price auctions and the After Auction Market, you're not just selling cigars – you're orchestrating a sophisticated sales event that maximizes value and engagement. Join at Cigarland today and transform your cigar sales strategy! #ReservePriceAuction #AfterAuctionMarket #CigarSales #PremiumTobacco #AuctionStrategy #CigarMarketplace #LuxuryCigars #InventoryManagement #TobaccoTrade #CigarlandAuctions #Cigarlands

Monday Market Update ! Boca Raton, FL (33496 - single family) Mon Jul 29 2024 �This week the median list price for Boca Raton, FL 33496 is $2,297,000 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has increased to 170. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. #bocaraton #boca #MondayMarketUpdate #Andikay #andikaysflrealtor #andikaydouglaselliman

Breaking News: De Beers Group Shifts Auctions Headquarters to Botswana from Singapore In a significant move for the global diamond industry, De Beers Group announced today that it is relocating its Auctions business headquarters from Singapore to Gaborone, Botswana. This strategic shift aims to consolidate its operations and enhance efficiency, leveraging Botswana's growing capabilities and commitment to the diamond sector. The move is seen as a continuation of De Beers' efforts to support and develop the diamond industry in Botswana, following the successful relocation of its Global Sightholder Sales from the United Kingdom to Botswana in 2013. Al Cook, CEO of De Beers Group, expressed enthusiasm about the transition, citing cost efficiencies and better support for customer needs as key benefits. Emma Peloetletse, Permanent Secretary to the President of Botswana, highlighted the relocation as a testament to Botswana's increasing prominence as a global diamond hub. The transition process will see a temporary pause in Auction operations and sales events to ensure a smooth changeover and maintain the high service levels expected by De Beers' clients. PraVogue Media 25 April 2024

For the week ending 27th October 2024, Brisbane recorded an auction clearance rate of 58.3% from198 auctions. ✍🏻 While the clearance rate has slightly rebounded from last week’s dip, there’s still a clear indication of a cautious market. Buyers seem to be treading carefully and sellers are adjusting their expectations to reflect the changing conditions. The increase in stock levels across Brisbane is giving buyers more choice, which often leads to lengthier decision making processes and potentially softer final prices in some segments. Interestingly, this market softening remains quite patchy. While some high demand areas are still achieving solid results, others are starting to experience a modest easing in prices. This could signal the start of a broader rebalancing in Brisbane, as rising stock levels and the recent interest rate environment weigh on buyer sentiment. As we head towards the end of the year, it will be interesting to keep an eye on whether this clearance rate stabilises, as well as the impact of increased listings on the overall market. Brisbane’s property market is still quite resilient, but these recent figures may point to a more balanced market on the horizon. #brisbanebuyersagent

De Beers’ February Rough Sales Show Signs of Recovery De Beers Group reported a total of $430 million in proceeds from its second rough-sales cycle of the year, showing a 13% decline compared to the same period in 2023. However, this figure marks a 15% increase from its first sight of the year and a significant improvement from the final sight of 2023. Although below average for this time of year, the recent sales indicate a recovery, especially driven by increased demand in the diamond-jewelry... Read more on the link below https://lnkd.in/g4CHdvh7

The quantity of tea arriving at the Colombo Auction this week increased from 5,182,811.00 Kgs to 6,669,194.00 Kgs which traded in the previous week’s auction, whilst the Ex-estate quantity increased from 765,788.00 Kgs to 884,440.00 Kgs. Best Western BOP/BOPFs - Select invoices gained by Rs. 50 - 100 per kg and more following special inquiry. Select best BOP1’s were firm to dearer. Others were maintaining. Select best OP1’s were dearer by Rs. 50 - 100 per kg. Below best OP1’s were dearer by Rs. 100 - 150 per kg. Poorer sorts were firm to dearer. Except for OP1 style some invoices, select best and best OP’s were met with good demand.

The quantity of tea arriving at the Colombo Auction this week increased from 4,775,830.50 Kgs to 4,839,995.00 Kgs which traded in the previous week’s auction, whilst the Ex-estate quantity increased from 673,273.00 Kgs to 738,559.00 Kgs. Best Western BOPs - Select invoices gained by Rs. 50 - 100 per kg following special inquiry. Others were irregular. Corresponding BOPFs - Select invoices gained by Rs. 100 per kg following special inquiry. Others were irregular following quality. Select best and best BOP1’s were easier, whilst others were maintaining at last week levels. Overall OP1 market was maintaining at last week levels.

The Power of No-Reserve Auctions Are you struggling to maximize returns on your premium cigar inventory? Discover how no-reserve auctions can revolutionize your sales strategy and attract serious buyers. In today's competitive cigar market, savvy sellers are leveraging no-reserve auctions to drive engagement and secure optimal prices. Let's dive into the mechanics and benefits of this powerful sales tool: What is a No-Reserve Auction? A no-reserve auction is a high-stakes listing where no minimum price is set. This creates a dynamic where the highest bidder at auction close secures the lot, regardless of price point. Key Advantages: - Increased Buyer Participation. - Market-Driven Pricing. - Faster Sales Cycle. - Potential for Bidding Wars. How It Works: - Seller lists cigar lot with no reserve price. - Buyers place bids during the auction period. - Highest bidder at close wins the lot. - Winner completes purchase within specified timeframe. - Seller fulfills order per marketplace guidelines. Maximizing Your No-Reserve Strategy: - Quality Photography. Showcase your cigars' condition and packaging. - Detailed Descriptions. Highlight provenance, storage conditions, and tasting notes. - Strategic Timing. List during peak buying periods for optimal engagement. - Clear Terms. Outline shipping, payment, and any other relevant policies. By embracing no-reserve auctions, you're not just selling cigars – you're creating events that captivate buyers and drive value. Ready to elevate your cigar sales? Explore the potential of no-reserve auctions at Cigarland, the premier marketplace for discerning cigar enthusiasts and sellers. Our platform offers seamless integration of no-reserve listings, robust bidder pools, and industry-leading support to ensure your premium inventory finds its ideal buyer. #NoReserveAuction #CigarSales #PremiumTobacco #AuctionStrategy #CigarMarketplace #LuxuryCigars #InventoryManagement #TobaccoTrade #CigarBusiness #CigarlandAuctions #Cigarlands

Important to consider these issues when buying an Off Plan Property...

De Beers Faces Declining Rough Diamond Sales Amid Market Challenges De Beers Group, the world’s largest diamond producer by value, has reported a decline in rough diamond sales for the second time this year. The Anglo American unit recorded provisional sales of $315 million, down from $383 million in the previous cycle and $456 million during the same period last year. The company attributed the drop to the quieter summer period, but analysts suggest that the diamond market continues to struggle. BMO analyst Colin Hamilton noted... Read more on the link below https://lnkd.in/ged4yPSG