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NAFA Auction Reports – February 2016

 

 

February 3, 2016: Mink Market Difficulties Impact January-February Sales

 

NAFA’s January-February 2016 mink auction concluded today, with the sale of Demi Brown males, White males and females, and other mutations.

Clearances across all qualities of Demi males sold in excess of 60% at slightly easier prices.

White male and female mink struggled in almost all grades to find firm market levels, selling 50%. Obviously the large quantities to come are having an effect on the market.

Today’s sale included Top Lots in Violet males and females. The Top Lot of Violet Mink — Male was purchased by Ds FURS, of Seoul, Korea for $190. Produced by Zimbal Mink.

The Top Lot of Violet Mink — Female was purchased by Michail Vogiatzis for Via Cappella, of Moscow, Russia for $150. Produced by Zimbal Mink.

Korea Dominates Can-Am Sable Sale

A small offering of 20,850 Can-Am Sable was sold under strong competition, with support from all major markets. Korea dominated the bigger sizes and heavier sections.

Although levels are 15% lower than our June sale, this article has performed exceptionally well when compared to other articles. This is especially true in light of the fact that prices declined 30% at the recent Russian Sable sale.

 


 

February 2, 2016: A Day of Mixed Results

 

Day three of NAFA’s January-February auction started off with the sale of Demi Brown females, which saw high clearance levels in some of the more commercial goods where buyers saw interesting opportunities. There was price resistance for higher quality short-nap goods.

Demi females were followed by the sale of Blue Iris males and females which saw an overall clearance of over 70% at better than expected prices. The story was much the same for Sapphires.

Silverblue males and females met with market resistance and highly selective demand.

A small collection of Can-Am Sable sold with Korea competing for higher quality goods.

The top lot of Blue Iris Mink — Female was purchased by JINDO Co,. Ltd, of Seoul, Korea, for $145. Produced by Jefferson-Mueller-Moyle-Smieja-Gamroth.

The top lot of Sapphire Mink — Male was purchased by Ds FURS, of Seoul, Korea for $180. Produced by Bogus Fur Farm.

NAFA: February 2, 2016 Detail Sales Results

 


 

February 1, 2016: Black NAFA Mink Attracts Strong Buyer Interest

 

The second day of NAFA’s January-February mink sale opened with the sale of Black male mink.

In contrast to recent market trends, NAFA’s collection of Black male mink sold under strong competition, with good support from Greece and China. Today’s results can be attributed to the marketing and promotional efforts of the NAFA team, as well as to our consignors who produce the highest quality selection of Black mink in the world. Black NAFA males sold 93% at an average of $40.02. Mahogany males sold under solid competition, especially for short nap high quality goods. Greece was surprisingly active, while China was the biggest buyer both in the room, as well as through participation in NAFA’s high-speed, online auction service. Gold quality Mahogany males sold 66% at an average of $37.06.

NAFA’s high quality Pearl collection met with selective demand but prices achieved were in line with recent market levels.

A small collection of Lavender mink sold well, achieving high prices for today’s market. Gold quality Lavender males sold 78% at an average of $52.40. Gold quality Lavender females sold 76% at an average of $45.05.

The top lot of Black NAFA — Male was purchased by George Salagiannis for ego, of Kastoria, Greece for $600. Produced by Zimbal Mink.

 


 

 

January 31, 2016: Day one of NAFA’s first mink offering of 2016 saw some confidence in better quality, short-nap goods.

Black NAFA females sold 77% for an average of $31.45, and were actively bid on by Korean buyers throughout.

Gold quality Mahogany females sold 65% at an average of $26.61. Gold quality Pastel females sold 79% at $33.76 while the Gold Pastel males sold 50% at an average of $44.57.

Throughout the day, Korea dominated the better quality female mink with support from China while Silver quality and VSL met resistance and sold at lower percentages. A small collection of Palominos was mainly withdrawn.

The top lot of Black NAFA — Female was purchased by MOGENS ALEX PETERSEN for Jia’en Fur Garment Factory – AIFEIMI, of Tong’erpu, China for $980. Produced by Patrick Fur Farm.

The top lot of Mahogany Mink — Female was purchased by Long Radiance Limited for Mai Lan Wei, of Tong’erpu, China for $150. Produced by David Dittrich Fur Farm.


The top lot of Pastel Mink — Male was purchased by A ER XIAN NU, of Tong’erpu, China for $140. Produced by Springbrook-Labonte.

 

 

January 31,2016: Coyotes Continue to Sell at High Prices

 

Coyotes continue to have very strong demand from the international fashion and trim trade. Western Heavy Coyotes sold 100%, primarily to Italy, Hong Kong, France and Canada. Small quantities of Western Semi, Eastern and Section III sold at lower percentages.

A small offering of Musquash sold 20%, as they are awaiting the stabilization of the mink market.

 

International Fur Auction Reports
by RB Media Group
Posted: February 2, 2016