NORTH AMERICAN FUR AUCTIONS

NOR T H A ME RIC A N F UR AUC T IONS
NAFA NEWS
maY 2014
Over 5.4 million mink sold
- President's message
- Significant Court Victories Over
Animal Rights Extremism
- Fur Farmers Celebrate in The Netherlands
- DENNIS BASSO
- NAFA 2014 Top lots & auction reports
- Investing in your future
65 Skyway Ave. Toronto, ON M9W 6C7 Canada | tel: +1.416.675.9320 | fax: +1.416.675.6865 | www.nafa.ca
President's message
Dear Rancher,
NAFA closed its May mink sale last week amid extremely challenging conditions which resulted in a near perfect-storm of external
factors that have come together to create a much more problematic marketplace. As each international auction has progressed this
season, the buying community has begun to approach its purchases with greater caution in an attempt to find a market level. As our
valuable consignor, it is important for you to know that NAFA is doing everything it can to ensure your product remains the coveted
commodity that it has always been, despite this market correction.
There are many factors that are creating this lack of confidence and uncertainty in our market. China and Russia did not experience a
cold winter this past season. Within China, the pelt importation issues with the arrest and detention of members of the Chinese fur
trade has continued to hamper the market. At the same time, real estate values in China are declining and banks there are tightening
up their credit lines significantly. Coinciding with this, we have the political issues within Russia itself. As a result, there remains a
significant carryover of finished garments and pelt inventory that were purchased last season at historically high prices. The combined
effect of all of these issues has created a tight money problem within the buying community
However, to compound the problem, was the unprecedented use of buyer incentives in the first February European auction to induce
buyers to purchase goods as a means to address their liquidity issues. With a deposit of 25 percent, buyers were allowed to purchase
with up to seven months or more to clear the goods. Operating under these incentives, buyers were purchasing goods on speculation,
which has ultimately resulted in the creation of a false market. This false market also caused producers themselves to believe that
the market would continue to support the expansion of mink production. Given these developments, it was difficult to anticipate such
a sudden change in the marketplace.
All these factors have brought about a sudden and significant lack of confidence within the trade as to the true value of mink pelts. All
of this has contributed to a market drop in every auction since the beginning of this year, with prices declining, for the most part, 15
to 20 percent in each auction.
The important factor for our producers to know is the staff and management of NAFA have successfully navigated these difficult
waters before and so will we once again. Your company is strong and together we will work to return to a more prosperous market
as soon as possible.
• NAFA is in a strong financial position – for years, we have managed our balance sheet with careful pragmatism, wise spending
and sensible savings. During the more prosperous years of soaring prices and unquenchable demand from buyers, NAFA was vigilant
and prudent; a mitigation strategy was planned to deal with this eventual turn in the market.
• NAFA’s assortments are the best in the world representing the finest mink in the world. We have always worked with our producers
to ensure the assortments meet their expectations. As we move forward, we will continue to adjust these assortments to ensure
they benefit both our producers and buyers.
• NAFA’s auctions have always attracted the most buyer attendance of any North American auction. This past auction,
registered buyer attendance approached 400, to include some 46 Greek buyers, a record for a May auction. Though
this attendance is down from the record numbers in 2013, it was a strong representation of the world trade
given the very difficult turn of events in the market since February.
• NAFA’s clearance levels from our February auction are impressive, despite the downturn in the marketplace. 83 percent of the goods
purchased in February have been paid for. It is vitally important to you, our producers, to clear inventories at a time like this and ensure
the strength of your company. NAFA will continue to diligently work to clear all of our goods as quickly and efficiently as possible.
Page 1
This new fur market will still have to be experienced with all of
its unfortunate realities. It will ultimately lead to a reduction in
production, which is needed to alleviate the problem of supply and
demand and getting production back in line with market demand
is key in any market recovery. But at the same time, this will still
cause hardship for so many of you who have worked so tirelessly to
produce such a high quality and internationally recognized product.
Despite the challenging marketplace, NAFA’s mandate was to
move your product into the marketplace to help create cashflow for
you. In this very difficult market, we achieved close to 100 percent
in sales of most mink color types and sizes. Thus far, this means
we were also able to achieve clearances of nearly 90 percent of
our producers crop. Overall, in the May auction, we sold 5.4 million
mink. This is a significant accomplishment in a market that can only
be described as tenuous at best.
Looking ahead, the remainder of 2014 is expected to be more
of a struggle. NAFA will remain fiscally responsible, strong and
diligent in its efforts to restore confidence to the market. Our niche
marketing efforts will continue and our robust labeling program will
assist us in attracting buyers to our auctions
As always, we wish you the very best in the summer season.
Sincerely,
Michael D. Mengar, President & CEO
Page 2
Significant Court Victories
Over Animal Rights Extremism
In the world of animal rights extremism and farming, there is some good news to report on two
fronts. First, this week it was learned that the parent company of Ringling Brothers & Bailey
Circus reached a final settlement with the Humane Society.
The American Society for the Prevention of Cruelty to Animals (ASPCA) and other animal rights
groups first sued the circus operator, Feld Entertainment Inc., in 2000 and alleged that Asian
elephants were being abused in violation of the Endangered Species Act. A federal judge
dismissed the case for lack of standing in 2009 and said the animal rights groups paid a former
employee at least $190,000 to secure his participation as a plaintiff in the litigation. A federal
appeals court upheld the dismissal of the suit in 2011.
Feld Entertainment then filed a $20 million racketeering lawsuit against the ASPCA and other
animal rights groups, claiming they engaged in bribery, obstruction of justice and other acts.
The company says the latest settlement brings the total it recovered to more than $25 million,
the equivalent of its legal fees.
This is a significant step forward in the on-going court battles with extremists.
Fur Farmers
Celebrate in
The Netherlands
The second victory occurred this week in The Netherlands. A court in the Hague
overturned a new law that would have banned the breeding of animals for fur. The law
would have had a serious financial impact on breeders and would have set a dangerous
precedent for the fur farming industry in Europe
The legislation to phase out fur farming was passed by the senate at the end of 2012,
three years after it was agreed to by the lower house.
The Netherlands has approximately 160 fur farms and is producing five million pelts a
year and it employs 1,400 people. This ruling overturns the legislation and opens the door
to continued fur farming.
Page 3
DENNIS BASSO CREATES SUPER
GLAMorous BLACK NAFA WRAP
Each year NAFA invites a designer to create a very unique garment in
Black NAFA Mink to serve as the signature piece of their international
marketing campaign. In the ten short years since the Black NAFA label
was launched, Black NAFA has come to be recognized as the finest quality
of mink in the world and designers have come to covet the opportunity to
work with this most precious of minks.
Dennis Basso, renowned New York designer, has accepted
NAFA’s invitation to create the garment that will become the
focal point of the 2014/15 NAFA print campaign. “Designing with
Black NAFA Mink creates a high quality, luxuriously classic feel
and from this I will create a modern silhouette”, he announced.
Basso is a maestro of fur creation. His business began with
the selling of pelts in 1983 and shortly thereafter he launched
the first fur collection under his own name brand. From that
moment he captured the attention of fashion media and
celebrities. In 2002 Basso was inducted into the prestigious
Council of Fashion Designers of America and five years later
debuted his first prêt-à-porter collection at Mercedes Benz
Fashion Week in New York. The ensuing years found Basso
entering the world of haute couture and establishing himself
as one of America’s premier designers.
The Dennis Basso label is now a multi national luxury brand.
The flagship store is located on Madison Avenue in New
York and the collection is featured in Harrods in London and
Tsum in Moscow. Fur boutiques can also be found in Aspen
and Vail, Colorado.
The beauty of Black NAFA Mink is timeless and
universal. In the hands of a master furrier like Basso,
innovation adds another dimension. Basso declared
his inspiration for the Black NAFA signature garment
as an “experimentation in personal styling. This piece
was designed around the concept of convertible
luxury.” This unique Black NAFA Mink garment will
make its public debut in August in Moscow.
Page 4
NA FA 2 0 14 Top lot s &
John & Twan Van Ansem with Tolis Gogo
Richard, Linda & Bob Zimbal with Jindo.
Mike & Kyle Patrick with Langiotti
auc t i o n r eports
black Male
NAP - 1/1X
4X0
The top lot of Black NAFA — Male was purchased by Tassos
Langiotis for LANGIOTTI. Produced by Patrick Collection.
BLACK NAFA
SILVER
LABELLED
VSL
$101.17
$78.49
$93.62
$76.97
NAP - 2/2X
4X0
OFFERED
539,211
% SOLD
94%
TOP
$1920.00
BLACK NAFA
SILVER
LABELLED
VSL
$94.12
$75.29
$90.31
$72.03
3X0
$91.62
$70.28
$86.19
$73.50
3X0
$82.78
$67.60
$80.67
$65.15
00
$79.94
$60.83
$75.43
$65.09
00
$72.07
$57.26
$69.48
$52.21
0
$67.27
$49.74
$61.37
$50.83
0
$56.04
$45.65
$54.69
$41.85
1
$56.18
$39.38
$48.61
$39.29
1
$44.38
$37.93
$43.30
$36.62
Overall Average
$78.96
$57.63
$72.97
$62.55
Overall Average
$69.82
$56.67
$67.67
$53.50
NAP - 3
5 Star
4 Star
Labelled
VSL
NAP - 4
5 Star
4 Star
Labelled
VSL
4X0
$67.00
$60.00
$63.32
$55.00
4X0
$57.00
$56.00
$56.55
$51.00
3X0
$60.50
$57.44
$59.34
$46.13
3x0
$51.59
$48.36
$50.61
$45.00
00
$50.10
$44.10
$48.16
$40.60
00
$42.89
$35.94
$40.92
$37.00
0
$36.54
$34.84
$35.97
$30.00
0
$32.46
$28.91
$30.96
$28.00
1
$30.51
$24.97
$28.35
$26.00
1
$27.42
$24.28
$26.06
$22.31
2
$23.00
$20.23
$22.03
$18.72
Overall Average
$41.25
$35.02
$39.11
$34.75
Overall Average
$44.16
$40.10
$42.72
$36.84
black Female
NAP - 1/1X
OFFERED
538,707
The top lot of Black NAFA — Female was purchased by Jindo
Co., Ltd. for Jindo, of Seoul, Korea. Produced by Zimbal Mink.
BLACK NAFA
SILVER
LABELLED
VSL
NAP - 2/2X
BLACK NAFA
% SOLD
93%
SILVER
TOP
$1,650.00
LABELLED
VSL
0
$64.35
$44.10
$55.92
$48.55
0
$61.77
$43.96
$55.47
$45.02
1
$58.24
$41.49
$53.78
$43.98
1
$54.97
$39.10
$50.86
$39.03
2
$53.72
$33.07
$47.78
$33.49
2
$46.62
$33.37
$44.01
$30.56
3
$38.77
$25.14
$33.85
$25.05
3
$33.31
$26.67
$32.02
$21.92
4
$29.29
$19.72
$24.76
$18.95
4
$24.14
$19.27
$23.26
$17.28
Overall Average
$52.78
$33.85
$47.05
$36.67
Overall Average
$47.01
$35.07
$44.34
$32.54
NAP - 3
5 Star
4 Star
Labelled
VSL
NAP - 4
5 Star
4 Star
Labelled
VSL
0
$39.00
$31.82
$36.01
$30.33
0
$31.00
$25.00
$28.34
$23.00
1
$34.64
$24.08
$30.30
$23.83
1
$26.13
$20.15
$23.29
$21.00
2
$24.95
$19.39
$22.51
$18.37
2
$22.28
$16.74
$20.61
$17.16
3
$18.92
$15.03
$16.70
$16.00
3
$17.61
$13.66
$15.53
$13.19
4
$16.00
$13.36
$14.88
$13.00
Overall Average
$22.78
$17.39
$20.61
$18.12
Overall Average
$26.68
$19.36
$23.32
$20.17
Page 6
OFFERED
36,582
blue iris Male
GOLD
$83.31
$85.54
$83.55
$72.63
SILVER
$68.63
$68.08
$62.22
$52.25
LABELLED
$77.20
$80.70
$73.83
$57.45
VSL
$61.75
$63.31
$55.55
$44.18
Overall Average
$83.69
$60.12
$73.11
$55.09
OFFERED
38,989
The top lot of Blue Iris Mink — Female was purchased by ER Fur Trading
Co-op. for Guy Laroche Furs. Produced by Zimbal Mink.
% SOLD
100%
GOLD
$56.57
$57.59
$51.54
$34.40
SILVER
$41.40
$41.33
$35.81
$27.11
LABELLED
$50.70
$52.64
$44.41
$28.34
VSL
$42.36
$39.66
$31.96
$21.44
Overall Average
$54.31
$36.36
$46.76
$35.50
The top lot of Mahogany Mink — Male was purchased by
P.J. Zeitlin & Co. Ltd. for Huasi Agriculture Development
Co. Ltd., of Beijing, China. Produced by Walt Brown.
OFFERED
325,788
% SOLD
100%
GOLD
$74.09
$69.37
$66.30
$57.22
$46.66
$41.14
SILVER
$68.00
$62.93
$59.24
$48.87
$42.10
$35.12
LABELLED
$73.14
$67.70
$65.01
$55.41
$45.13
$38.82
VSL
$68.00
$64.00
$59.38
$54.70
$43.92
$35.27
NAP - 2/2X
5X0
4x0
3x0
00
0
1
GOLD
$65.48
$62.38
$54.28
$46.66
$39.93
$38.17
SILVER
Overall Average
$59.67
$50.29
$57.46
$55.29
Overall Average
NAP - 3
4x0
3x0
00
0
1
5 Star
$54.97
$46.68
$40.20
$36.09
$31.58
4 Star
$50.36
$44.81
$38.20
$29.62
$28.30
Labelled
$53.10
$45.96
$39.44
$33.28
$30.35
VSL
$48.84
$42.94
$35.35
$27.97
$22.27
Overall Average
$41.68
$38.19
$40.32
$36.62
TOP
$300.00
$55.95
$48.86
$42.74
$35.16
$35.61
LABELLED
$65.48
$60.73
$52.71
$45.71
$38.89
$37.32
VSL
$62.59
$59.48
$48.31
$39.70
$31.75
$34.90
$49.47
$44.85
$48.27
$44.03
NAP - 4
4X0
3x0
00
0
1
5 Star
$52.45
$45.78
$39.80
$34.50
4 Star
$49.70
$42.17
$35.71
$31.14
$27.71
Labelled
$50.25
$42.60
$36.08
$31.28
$23.17
VSL
$41.29
$36.34
$30.26
$25.00
$19.62
Overall Average
$40.33
$35.55
$35.27
$29.51
The top lot of Mahogany Mink — Female was purchased by
P.J. Zeitlin & Co. Ltd. for Huasi Agriculture Development Co.
Ltd., of Beijing, China. Produced by Walt Brown.
OFFERED
292,015
% SOLD
93%
NAP - 1/1X
00
0
1
2
3
GOLD
$51.65
$48.63
$43.98
$36.34
$30.16
SILVER
$46.00
$42.72
$37.76
$30.07
$22.92
LABELLED
$50.82
$46.13
$42.50
$34.38
$27.16
VSL
$48.06
$43.91
$39.90
$31.12
$24.82
NAP - 2/2X
00
0
1
2
3
GOLD
$45.56
$42.45
$37.54
$31.32
$24.00
SILVER
Overall Average
$39.85
$32.31
$37.52
$36.06
Overall Average
NAP - 3
00
0
1
2
3
5 Star
$34.00
$31.09
$27.10
$23.08
$17.46
4 Star
$26.64
$23.94
$20.35
$15.51
Labelled
$34.00
$28.50
$25.41
$21.56
$16.60
VSL
$29.00
$25.76
$22.57
$18.70
$14.99
Overall Average
$23.57
$21.21
$22.34
$20.21
Page 7
TOP
$250.00
Size
0
1
2
3
NAP - 1/1X
5X0
4x0
3x0
00
0
1
mahogany
FEMale
TOP
$92.00
Size
4X0
000
00
0
blue iris FEMale
mahogany
Male
% SOLD
100%
TOP
$230.00
$38.92
$34.13
$27.75
$24.27
LABELLED
$45.56
$41.56
$35.87
$30.40
$24.07
VSL
$42.07
$39.07
$31.76
$25.65
$20.31
$32.26
$30.70
$31.78
$28.77
NAP - 4
0
1
2
3
5 Star
$26.69
$20.00
$16.65
$15.00
4 Star
$23.21
$18.60
$16.45
$14.56
Labelled
$23.13
$18.77
$16.28
$14.54
VSL
$19.21
$17.07
$14.96
$13.28
Overall Average
$18.01
$17.40
$17.34
$15.49
demi
BROWN Male
The top lot of Demi Brown Mink — Male was purchased
by Tolis Gogos for Abel Furs Trading LLC., of Dubai, UAE.
Produced by Dittrich / Unicorn.
NAP - 1/1X
5x0
4x0
3x0
2x0
0
1
GOLD
$62.41
$58.84
$54.03
$45.87
$38.68
$30.31
SILVER
$59.25
$56.31
$49.63
$42.54
$32.88
LABELLED
$61.37
$58.13
$52.66
$45.08
$36.85
$30.31
VSL
$56.82
$54.54
$49.48
$39.15
$31.39
$23.73
Overall Average
$51.35
$48.88
$50.67
$45.96
NAP – 2/2x
6x0
5x0
4x0
3x0
2x0
0
1
5 Star
$60.60
$56.32
$52.49
$46.21
$39.75
$33.99
$27.00
4 Star
$60.00
$54.99
$51.00
$45.06
$38.98
$32.74
$26.91
Labelled
$60.22
$55.27
$51.24
$45.39
$39.21
$33.32
$26.97
VSL
$58.00
$55.15
$51.93
$46.15
$38.82
$30.24
$24.85
Overall Average
$40.60
$42.54
$41.74
$42.13
demi
BROWN female
OFFERED
684,154
% SOLD
96%
TOP
$310.00
NAP - 2/2X
6x0
5x0
4x0
3x0
2x0
0
1
GOLD
$62.00
$62.53
$56.70
$50.66
$43.28
$34.00
$27.74
SILVER
$63.00
$55.13
$50.83
$45.90
$35.44
$28.65
LABELLED
$62.64
$58.13
$54.43
$49.29
$41.19
$32.85
$27.74
VSL
$58.57
$55.58
$52.02
$45.53
$36.34
$28.27
$23.63
Overall Average
$47.93
$44.46
$46.88
$44.51
NAP - 3
5x0
4x0
3x0
2x0
0
1
5 Star
$55.00
$50.00
$45.16
$37.58
$32.77
$26.50
4 Star
$54.38
$49.40
$42.85
$35.94
$30.82
$24.96
Labelled
$53.74
$49.11
$43.41
$36.23
$31.12
$25.25
VSL
$50.60
$44.94
$40.82
$32.34
$26.57
$20.93
Overall Average
$40.06
$38.89
$39.12
$35.42
NAP - 4
5x0
4x0
3x0
00
0
1
GOLD
$50.83
$47.00
$43.01
$35.97
$29.53
$23.31
SILVER
$49.00
$42.85
$34.96
$28.36
$22.62
LABELLED
$48.14
$46.30
$41.68
$34.76
$28.44
$22.59
VSL
$47.56
$44.00
$37.18
$31.73
$24.25
$18.96
Overall Average
$35.49
$35.16
$34.72
$31.80
OFFERED
652,557
The top lot of Demi Brown Mink — Female was
purchased by P.J. Zeitlin & Co. Ltd. for Robert Girme,
of Hong Kong. Produced by Dittrich / Unicorn.
% SOLD
97%
TOP
$260.00
NAP - 1/1X
00
0
1
2
3
GOLD
$42.89
$39.58
$36.95
$30.10
$23.10
SILVER
$40.00
$37.09
$32.74
$25.88
LABELLED
$42.61
$38.92
$36.14
$29.39
$23.10
VSL
$39.01
$37.53
$33.31
$26.16
$19.59
NAP - 2/2X
00
0
1
2
3
GOLD
$41.47
$37.96
$34.17
$28.16
$20.71
SILVER
$37.00
$34.32
$30.28
$24.03
$18.00
LABELLED
$39.67
$36.89
$33.13
$27.10
$20.05
VSL
$35.82
$34.83
$31.05
$23.75
$16.87
Overall Average
$36.32
$33.55
$35.77
$33.00
Overall Average
$33.65
$30.32
$32.72
$30.90
NAP - 3
00
0
1
2
3
5 Star
$34.50
$31.46
$27.11
$22.86
$18.27
4 Star
$31.57
$26.58
$24.10
$20.16
$16.24
Labelled
$30.63
$27.36
$24.84
$21.14
$16.93
VSL
$26.80
$23.80
$21.29
$17.19
$13.06
NAP - 4
00
0
1
2
3
5 Star
$28.00
$25.81
$21.43
$17.75
$15.28
4 Star
$25.58
$21.00
$19.53
$17.48
$15.40
Labelled
$26.28
$21.74
$19.67
$17.41
$15.26
VSL
$20.46
$18.48
$16.64
$14.44
$12.01
Overall Average
$25.45
$23.28
$23.85
$20.03
Overall Average
$19.28
$18.31
$18.28
$15.18
Page 8
OFFERED
23,376
palomino Male
SIZE
4X0
000
00
0
Overall Average
OFFERED
16,476
palomino feMale
SIZE
0
1
2
3
Overall Average
GOLD
$61.66
$58.83
$40.87
$29.47
$52.70
OFFERED
128,942
pastel Male
SIZE
5X0
4X0
000
00
0
Overall Average
The top lot of Pastel Mink — Male was purchased by Yannis Beinis for
Karen Rizzi Pellicce, of Dubai, UAE. Produced by Dittrich / Unicorn.
GOLD
$79.94
$78.60
$77.33
$67.29
N/A
$74.74
OFFERED
105,271
pastel feMale
SIZE
00
0
1
2
3
Overall Average
GOLD
$64.10
$61.48
$46.79
$33.78
$56.11
OFFERED
128,942
Pearl Male
NAP - 1/1X
5X0
4x0
3x0
00
0
1
Overall Average
GOLD
$82.53
$76.11
$68.82
$62.06
$51.38
$38.85
$62.77
SILVER
NAP - 3
4x0
3x0
00
0
1
Overall Average
5 Star
$65.21
$62.37
$57.56
$45.69
$36.34
$52.69
4 Star
Pearl FEMale
$74.69
$66.10
$58.33
$45.29
$62.32
$59.42
$56.05
$39.12
$31.14
$46.57
GOLD
$58.00
$52.20
$48.13
$39.21
$29.40
$45.14
SILVER
$56.00
$53.00
$46.17
$37.94
Page 9NAP - 3
0
1
2
3
Overall Average
5 Star
$39.26
$33.95
$30.01
$25.94
$30.58
SILVER
$70.78
$65.29
$50.91
$61.89
TOP
$80.00
LABELLED
$72.29
$67.50
$57.57
$46.29
$62.76
% SOLD
100%
SILVER
$57.16
$39.30
$24.00
$38.47
TOP
$69.00
LABELLED
$59.71
$51.61
$34.20
$29.47
$47.83
% SOLD
100%
SILVER
$73.70
$60.12
$48.86
$40.42
$55.79
VSL
$41.15
$38.03
$32.84
N/A
$38.30
TOP
$270.00
LABELLED
$79.94
$77.03
$69.97
$56.43
$40.42
$65.64
% SOLD
100%
SILVER
$40.79
$39.04
$38.16
$27.21
$22.47
$33.16
VSL
$71.58
$58.61
$52.67
$40.00
$56.73
VSL
$86.08
$77.68
$68.06
$54.74
$44.90
$64.05
TOP
$92.00
LABELLED
$40.79
$54.81
$50.07
$35.09
$27.04
$44.04
% SOLD
100%
VSL
$45.51
$37.23
$37.51
$27.70
$20.35
$33.96
TOP
$84.00
LABELLED
$82.53
$75.44
$68.20
$61.32
$50.63
$38.85
$62.68
VSL
$74.68
$70.16
$62.85
$54.22
$44.00
$32.64
$59.38
NAP - 2/2X
5X0
4x0
3x0
00
0
1
Overall Average
GOLD
$81.38
$75.29
$67.86
$61.06
$49.95
$40.96
$64.25
SILVER
$77.00
$70.67
$64.19
$54.79
$38.76
$30.00
$57.38
LABELLED
$80.69
$73.91
$67.01
$59.77
$44.72
$37.92
$62.54
$67.70
$59.84
$53.99
$44.08
$33.73
$54.37
Labelled
$64.18
$58.28
$54.63
$40.83
$34.21
$49.42
VSL
$67.38
$51.12
$41.95
$35.38
$30.45
$42.09
NAP - 4
4x0
3x0
00
0
1
Overall Average
5 Star
4 Star
$58.79
Labelled
$58.79
$49.41
$41.99
$34.68
$28.35
$39.85
VSL
$47.00
$41.00
$34.21
$28.94
$23.53
$33.35
The top lot of Pearl Mink — Female was purchased by Yannis Beinis
for Karen Rizzi Pellicce, of Dubai, UAE. Produced by Dittrich / Unicorn.
NAP - 1/1X
00
0
1
2
3
Overall Average
Page 9
GOLD
$73.08
$68.51
$60.50
$46.29
$63.07
% SOLD
100%
$51.28
$44.33
$36.29
$30.00
$41.55
OFFERED
105,271
$42.55
$34.00
$40.29
% SOLD
100%
VSL
TOP
$220.00
$43.76
LABELLED
$57.41
$52.26
$47.85
$38.99
$29.40
$44.95
VSL
$55.00
$50.26
$43.94
$34.96
$25.00
$42.49
NAP - 2/2X
00
0
1
2
3
Overall Average
GOLD
$55.00
$51.73
$47.10
$38.07
$29.01
$44.37
SILVER
$52.98
$52.82
$47.40
$33.65
$27.11
$44.79
LABELLED
$53.70
$52.00
$47.19
$36.78
$28.67
$44.49
VSL
$51.41
$48.79
$42.61
$33.07
$24.85
$41.03
4 Star
$32.00
$28.68
$26.17
$21.00
$27.45
Labelled
$36.85
$29.52
$26.41
$25.23
$28.28
VSL
$28.91
$27.64
$25.67
$22.18
$26.45
NAP - 4
0
1
2
3
Overall Average
5 Star
$32.00
$27.02
$25.43
$21.82
$24.91
4 Star
$28.00
Labelled
$29.74
$24.17
$22.87
$21.82
$23.42
VSL
$26.00
$19.81
$18.73
$15.88
$19.28
$25.00
$25.92
OFFERED
13,003
sapphire Male
The top lot of Sapphire Mink — Male was purchased by Philippe
Debourcieu for MSV Italia SRL, of Milan, Italy. Produced by Zimbal Mink.
SIZE
4X0
000
00
0
Overall Average
OFFERED
13,921
sapphire feMale
SIZE
0
1
2
3
Overall Average
GOLD
$70.14
$74.06
$65.15
$42.00
$70.44
OFFERED
71,067
Silverblue Male
SIZE
5X0
4X0
000
00
0
Overall Average
GOLD
$79.06
$74.32
$68.60
$59.43
$48.77
$66.28
OFFERED
51,649
Silverblue feMale
The top lot of Silver Blue — Female was purchased by Sotiris Vogiatzis for
EFD Papadopoulos Furs, of Kastoria, Greece. Produced by Dittrich / Unicorn.
whiTe Male
GOLD
$81.65
$81.17
$75.20
$69.65
$78.56
SIZE
00
0
1
2
3
Overall Average
The top lot of White Mink — Male was purchased by Tolis Gogos for
Abel Furs Trading LLC., of Dubai, UAE. Produced by Zimbal Mink.
NAP - 1/1X
5x0
4x0
3x0
00
0
1
Overall Average
GOLD
$84.64
$81.26
$72.13
$60.61
$55.42
$46.89
$67.35
SILVER
$88.00
$86.86
$78.55
$65.05
$54.06
$42.00
$72.28
LABELLED
$85.00
$82.38
$73.06
$61.23
$55.26
$45.55
$68.08
VSL
$81.12
$69.84
$60.54
$51.11
$39.00
$65.55
NAP - 3
4x0
3x0
2x0
0
1
Overall Average
5 Star
$69.35
$63.00
$55.00
$44.97
$37.62
$50.75
4 Star
$66.00
$62.00
$51.00
$42.00
$34.00
$49.90
Labelled
$67.46
$62.65
$53.92
$44.31
$36.61
$50.51
VSL
$66.00
$54.00
$50.53
$45.00
$35.00
$46.65
GOLD
$53.74
$52.89
$46.81
$34.95
$23.69
$45.41
OFFERED
125,597
SILVER
$57.00
$50.70
$43.00
NAP - 3
0
1
2
3
Overall Average
5 Star
$50.00
$44.47
$38.14
$29.90
$39.13
LABELLED
$81.74
$79.92
$72.22
$63.55
$75.23
% SOLD
100%
SILVER
$49.01
$54.97
$48.30
$38.02
$50.10
TOP
$82.00
LABELLED
$63.89
$68.96
$58.28
$38.83
$63.49
% SOLD
100%
SILVER
$73.48
$70.48
$62.36
$51.44
$41.36
$61.36
$40.38
VSL
$44.59
$47.33
$35.19
$23.83
$40.99
TOP
$88.00
LABELLED
$75.60
$72.61
$65.76
$56.36
$45.46
$64.08
% SOLD
100%
SILVER
$43.52
$46.00
$41.18
$32.13
VSL
$74.39
$66.99
$58.40
$47.32
$60.03
VSL
$70.77
$64.87
$57.37
$48.31
$40.27
$57.25
TOP
$220.00
LABELLED
$50.35
$49.61
$44.10
$33.53
$23.69
$43.10
% SOLD
100%
VSL
$46.46
$42.83
$38.13
$27.89
$19.23
$38.05
TOP
$320.00
GOLD
$85.03
$73.96
$61.80
$51.51
$43.00
$66.21
SILVER
$80.68
$73.65
$57.75
$45.46
$40.00
$63.44
LABELLED
$83.79
$73.91
$61.28
$50.42
$42.00
$65.69
VSL
$79.05
$70.94
$60.85
$44.75
$33.00
$64.08
NAP - 4
4x0
3x0
2x0
0
1
Overall Average
5 Star
$65.00
$58.36
$49.60
$38.63
$29.00
$51.76
4 Star
$60.00
$49.38
$41.56
$35.42
$33.00
$46.35
Labelled
$61.70
$53.45
$45.69
$37.27
$30.80
$49.20
VSL
$54.00
$46.55
$33.81
$29.44
whiTe FEMale
GOLD
$60.27
$56.70
$46.61
$35.27
$52.13
SILVER
$82.00
$76.01
$66.98
$61.00
$68.78
TOP
$330.00
NAP - 2/2X
4x0
3x0
2x0
00
0
Overall Average
OFFERED
89,929
NAP - 1/1X
0
1
2
3
Overall Average
% SOLD
100%
% SOLD
100%
$37.47
TOP
$65.00
$50.21
LABELLED
$59.97
$56.30
$46.45
$35.27
$52.02
VSL
$53.35
$48.74
$41.12
$36.00
$46.91
NAP - 2/2X
0
1
2
3
Overall Average
GOLD
$60.68
$55.35
$47.71
$37.16
$52.43
SILVER
$53.22
$50.05
$44.02
$34.00
$48.78
LABELLED
$58.62
$54.72
$47.17
$36.99
$51.89
VSL
$53.84
$48.71
$40.22
$36.00
$46.50
4 Star
$43.00
$37.00
$31.00
$25.00
$33.37
Labelled
$46.38
$42.12
$35.96
$28.75
$37.38
VSL
$43.00
$37.00
$33.00
$22.00
$33.26
NAP - 4
0
1
2
3
Overall Average
5 Star
4 Star
$37.00
$32.00
$27.00
$20.00
$29.69
Labelled
$37.00
$31.62
$26.11
$20.00
$28.89
VSL
$32.00
$28.00
$23.07
$21.00
$26.02
$31.82
$25.62
$20.00
$28.41
Page 10
NAFA – investing
in your future
NAFA is investing in your future
by ensuring a new generation of
technicians are being trained at all of
our facilities. The younger technicians
working at NAFA will help us prepare
for the future. Succession planning is
and always will be a part of NAFA’s
overall strategic vision.
Auction: September 4th – 7th 2014
Inspection : August 30th – September 3rd
NAFA NEWS is published by
North American Fur Auctions
65 Skyway Avenue, Toronto, ON, M9W 6C7, Canada www.nafa.ca
Toronto, ON
Tel :
1.416.675.9320
Toll Free : 1.800.745.0693
Fax :
1.416.675.6865
Stoughton, WI
Tel :
1.608.205.9200
Toll Free : 1.800.872.3877
Fax :
1.608.205.9210