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Saga Furs Auction Reports – June 2016

 

 

Saga Furs auction concluded with increasing prices for Black and Mahogany males

 

Saga Furs June auction concluded today with a strong selling of Black and Mahogany males. Prices were in general clearly stronger compared with most recent international levels, and increased day by day during the auction. This indicates that the strong price development may also continue.

The offering of Black males was 100 % sold today at 15 % increasing prices compared with Saga’s March auction. Mahogany males increased a full 10 % from recent European levels. China continued to dominate the buying, with good support from Korea and Europe.

Saga Furs sold in the auction 3 million mink and over 800 000 fox and Finnraccoon. The value of auction sales was nearly 126 million euros.

 


 

June 17, 2016:Saga Furs auction continued with Black and Mahogany females

 

Saga Furs auction continued with almost 100 % selling of Black and Mahogany females. Black females increased in average by 10 % compared with Saga’s March auction. Mahogany females sold at firm to slightly stronger prices compared with recent European levels. China dominated the sale with good support from Korea and Europe.

The end of season collection of Black Cross and Silver Cross were 100 % sold at generally 5 % increasing prices compared with recent European levels.

 

Sales Results in USD

 

 


 

June 11, 2016:Stable prices for White and Pearl mink

 

Saga Furs June auction continued with 95 % selling of White mink. The offering sold again at firm to increasing prices compared with most recent international levels.

Pearl mink was almost 100 % sold with big size males and females fetching slightly increasing prices while small size males were very firm. Good price premiums were again paid for the best velvet types. China dominated today’s buying with good support from Korea and Europe.

 

Sales Results in USD

 

 


 

 

June 10, 2016: Saga’s Strong start for the mink sale

 

Saga Furs mink sale kicked-off strongly with 100 % selling of Sapphire males in a crowded auction room. The offering sold at clearly increasing prices compared with recent international levels. Sapphire females were also 100 % sold at advancing prices. The auction continued with a strong sale of Silverblue mink, and the offering was again 100 % sold at increasing prices. Good price premiums were paid for top quality skins.

China was the dominant buyer with good support from Europe and Korea. Russia was also active, especially on Sapphire males.

 

Sales Results in USD

 

 


 

 

Day 2: Confidence Returns to Blue Fox market

 

Saga Furs June auction continued on second day with the selling of 650 000 certified Blue fox. The offering was 100 % sold to a full room of buyers competing actively for the skins. Blue Shadow fox was also 100 % sold under strong and widespread competition.

Buying was dominated by China with good support from Europe, Russia and Korea. Today’s sales result was welcomed by the customers and is believed to restore confidence in the Blue fox market.

 

Sales Results in USD

 

 


 

 

Day 1: Saga Furs June auction started with Fox and Finnraccoon

 

Saga Furs June auction started on Wednesday June 8, with the selling of Finnraccoon. The offering was 80 % sold and the best goods fetched clear price premiums. Finnracoon was mainly purchased by the European fashion industry.

Continuing challenges in the Russian economy affected the fox sale, as Russia has been the main market for the fox types offered today. Silver fox was almost 80 % sold at 10-15 % easier prices compared with March levels. Blue Frost fox was also 80 % sold at 15 % easier prices.

 

Sales Results in USD

 

 

International Fur Auctions
by RB Media Group
Posted: June 11, 2016

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