“I should have trapped more last fall”. That’s a phrase that’s likely to be heard more and more over the next couple of months if wild fur prices continue their run upward.
North American Fur Auctions held there first big fur sale of the year last week, and the results were excellent.
Here’s their initial reaction:
Wild Fur Reaches New Highs!
New Highs reached for Fisher, Can-Am Sable & Raccoons
NAFA’s 2013 winter Wild Fur auction opened with a record number of buyers in the auction room actively bidding for one of the largest and best collections of wild fur in recent memory.
The sale began with a terrific offering of North American Wild Mink which sold under strong competition at as much as 25% over expectations to new high levels.
Musquash sold at very high prices, totally dominated by China, advancing 10 % over last year’s already high February levels.
Fisher was one of the highlights of the previous day’s sale as it sold at prices that haven’t been seen in recent times, advancing more than 40% over expected levels. Chinese manufacturers and retailers played a major role in establishing these new prices.
Can-Am Sables were also a highly sought after article by Chinese buyers who aggressively competed with the established markets for this item and pushed it to record price levels.
Day One of the Wild Fur sale concluded with an offering of nearly 440,000 raccoons which sold under strong competition from China at prices, once again, not seen in recent memory.
Ranched Silver Fox sold well at advancing price levels, with some resistance for the best quality and biggest sizes.
These NAFA results come at the heels of the successful Fur Harvesters auction in January. We’ll keep you posted on forthcoming auction results, but for now, things are looking up for fur!