My ex-father-in-law used to use one all the time - this was back in the 60's and 70's. He always liked to keep his cigar clenched between his teeth so the holder served a functional purpose with that. It actually looked rather sophisticated when he wore a tux, which he would regularly do as he played sax in a swing band.
See, that's what I was thinking.
__________________ "Man's mind is his basic tool of survival. Life is given to him, survival is not." -John Galt