La Flor Dominicana Golden Bull NFT Auction Starting August 11th
La Flor Dominicana’s NFT cigar project is almost ready for the auction block. The first Golden Bull NFT (non-fungible token) will be auctioned off on August 11, somewhat later than originally intended. NFT will be the only way to get the new cigar directly from La Flor. The auction is organized by UREEQA, a digital validation company that collaborates with La Flor Dominicana on this project. The minimum bid will be $20,000. Seven NFTs will be auctioned off, each auction taking place at 48-hour intervals.
“It’s an investment and it pays off in cigars,” said Tony Gomez of La Flor Dominicana, who was instrumental in creating the project, including the art design. Gomez smoked one of the Golden Bulls during the interview with Cigar lover. “Most NFTs are these art-based NFTs. I don’t get it … I just don’t see the value … but I like the technology.”
Owning NFT comes with the right to purchase up to 70 Golden Bulls per month, at a suggested retail price of $15 per cigar. The cigar is a Lonsdale measuring 6 1/4 inches long with a 42 ring gauge, much slimmer than the Andalusian bull. The cigars come in 14-count boxes. “NFT owners will be able to buy one to five boxes a month,” says Gomez.
The seven NFT owners will also receive a personalized 50-count Gold Bullion Humidor. Made by Wacota Humidors in Madrid, the humidor features the company’s LFD logo on top of the lid, and that part is made of 18-carat gold.
To protect the value of the NFTs, La Flor Dominicana will not sell these cigars to anyone other than the owners of the NFTs. They are free to resell the cigars (presumably cigar dealers will be among the stakeholders in these auctions), and they can sell the NFTs themselves, transferring the rights to buy the cigars to someone else. But only the original owners will get the commemorative humidors from La Flor.
Unfortunately, this project also means no more sizes of Andalusian bull – ever. “We will never make another size of Andalusian Bull again,” Gomez said.
The Andalusian Bull is a huge, powerful smoke, 6 1/2 inches long and 64 ring grooves at the fattest point. The cigar is La Flor’s most recognized smoke, called Cigar aficionados Cigar of the Year 2016. The company makes it regularly, and will continue to do so, but it is still hard to find at retail. The new Golden Bulls, due to the unique distribution method, may prove to be even harder to find.
To stay updated on auction details, visit nft.lfdcigars.com
