Swakara sold out
Although prices achieved in March at the Copenhagen auction were lower than those of September last year, the entire batch of furs sold out.
The Swakara industry again experienced a good international pelt auction, amidst a fur market that is still experiencing an overproduction of mink skins and has not fully recovered from the recent global economic crisis.
The auction was held in Copenhagen, Denmark on 18 March and 100% of the offering was sold.
An average price of N$476 was achieved for the 41 809 pelts that were put on auction by Agra's Pelt Centre. This is a decrease of 4.1%, compared to the auction results of September 2017, where an average price of N$496 was achieved for a total of 39 007 pelts.
The March consignment consisted of 26 601 black (63.6%), 10 920 white (26.12%), 3 513 spotted (8.4%) and 775 diverse pelts (1.8%).
The black top lot, 70 light selected extra pelts, was sold for N$1 980.20 to Konstantinou Furs, a fur retailer from Kastoria, Greece. The white top lot, 50 white KF selected pelts, was sold to Yury Polyakov, a Russian retailer, for N$2 178.22 per pelt. English buyers bought the most pelts, with Greek buyers second in line, and Hong Kong coming in third. More Chinese buyers also attended the auction.
The average price achieved for black Swakara pelts was N$408, a decrease of 11.01% compared to September 2017's international auction. White pelts achieved an average price of N$735, a decrease of 4.13% compared to September 2017 and spotted pelts sold at an average of N$267 - an increase of 4.05%.
The auction was attended by 25 successful bidders. The buyer who bought the most Swakara pelts, was Hurwitz Exports Limited, based in England. Hurwitz bought 36 lots with 9 647 pelts, followed by Bourtsos from Greece, which bought 5 841 Swakara pelts.
Although there were more active buyers at the auction compared to September 2017, they were more selective in their buying.
High quality pelts received good prices, compared to the lower quality pelts that received prices that were below expectation.
The Namibian producer who had more than 250 pelts at this auction, was Karasberge Karakoel Stoet, which achieved an average price of N$879.78 for 381 pelts.
The top South African producer was L.J. Kotze, who sold 663 pelts at an average of price of N$588.
STAFF REPORTER
The auction was held in Copenhagen, Denmark on 18 March and 100% of the offering was sold.
An average price of N$476 was achieved for the 41 809 pelts that were put on auction by Agra's Pelt Centre. This is a decrease of 4.1%, compared to the auction results of September 2017, where an average price of N$496 was achieved for a total of 39 007 pelts.
The March consignment consisted of 26 601 black (63.6%), 10 920 white (26.12%), 3 513 spotted (8.4%) and 775 diverse pelts (1.8%).
The black top lot, 70 light selected extra pelts, was sold for N$1 980.20 to Konstantinou Furs, a fur retailer from Kastoria, Greece. The white top lot, 50 white KF selected pelts, was sold to Yury Polyakov, a Russian retailer, for N$2 178.22 per pelt. English buyers bought the most pelts, with Greek buyers second in line, and Hong Kong coming in third. More Chinese buyers also attended the auction.
The average price achieved for black Swakara pelts was N$408, a decrease of 11.01% compared to September 2017's international auction. White pelts achieved an average price of N$735, a decrease of 4.13% compared to September 2017 and spotted pelts sold at an average of N$267 - an increase of 4.05%.
The auction was attended by 25 successful bidders. The buyer who bought the most Swakara pelts, was Hurwitz Exports Limited, based in England. Hurwitz bought 36 lots with 9 647 pelts, followed by Bourtsos from Greece, which bought 5 841 Swakara pelts.
Although there were more active buyers at the auction compared to September 2017, they were more selective in their buying.
High quality pelts received good prices, compared to the lower quality pelts that received prices that were below expectation.
The Namibian producer who had more than 250 pelts at this auction, was Karasberge Karakoel Stoet, which achieved an average price of N$879.78 for 381 pelts.
The top South African producer was L.J. Kotze, who sold 663 pelts at an average of price of N$588.
STAFF REPORTER
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