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NAFA chat
Jan 31, 2015 22:38:33 GMT -5
via mobile
Post by minkwaders on Jan 31, 2015 22:38:33 GMT -5
I've always noticed the guys that ship to nafa every year like to overly inflate their averages.
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Post by nyrat on Feb 1, 2015 9:31:21 GMT -5
i think the local buyers paid better this year so far than nafa , we will see what the spring auction bring thats where all my fur is
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Post by mrlongbeard1 on Feb 2, 2015 1:02:27 GMT -5
Just goes to show! People often read what they want to read. Not all they should read.. Thanks John for taking the time.
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Post by johnrockwood on Feb 2, 2015 9:56:56 GMT -5
It is pretty difficult for most folks to thoroughly understand the process, let alone the catalogs Gordy. Also, it's impossible to know exactly what was in each lot, for absolute certain, unless you visually inspect the lot yourself (or know someone who did). When I saw NAFA's new spin on reporting averages I HAD to go through the marked catalog myself to know for certain what the TRUE averages were. What I found most interesting was that most of the muskrats below the XLs were sold in the private treaty (negotiation) room and not at the auction. I have been told that most of the rats under XL in size were all sold to two Chinese buyers. Considering there were reportedly around 400 buyers in attendance, that looks like pretty poor interest in commercial grade muskrats to me. Those Chinese buyers were there for the ranch mink, period.
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Post by mrlongbeard1 on Feb 4, 2015 0:41:35 GMT -5
It reminds me of statistics. They can be influenced by data entered. If you don't enter all of the data the results are influenced.So true sale averages should include even private treaty sales for a true picture.
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austinp
#3 Newhouse
the next fur season is never far from our minds :)
Posts: 3,008
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Post by austinp on Feb 4, 2015 6:56:06 GMT -5
NAFA itself is a great marketing machine to trappers. The allure of an auction process, the prize of top-lot fur prices and awards for such, the reporting of section I-II price averages only all appeal greatly to basic human emotions. We love the competition - game of auctions process. We love monetary prizes and awards that acknowledge our wins. We love to hear about superior prices for our possessions sold. All strategically marketed to tweak human emotions.
And the auction process is excellent during demand markets for wild furs. We all agreed to that two years ago in this board and other boards thru multiple thread conversations. But there is an undying belief from the NAFA tabernacle choir that no matter what, come heck or high water or outright fur market crashes, NAFA is the peak pinnacle on high for marketing furs.
A lot of those trappers learned this year the reality of that misbelief. Others may learn the same lesson in March, we'll see.
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Post by Adirondack-Jim on Feb 4, 2015 8:19:10 GMT -5
WILD FUR MARKET UPDATE January 30, 2015
We have just concluded our limited offering, January 2015 wild fur sale, which included Coyote, Raccoon, Muskrat, Red Fox and Beaver and it received mixed results. Articles that are used for trim, like Coyotes, saw outstanding demand with prices higher than last year for better Western Sections, while articles that are traditionally used by the Russian market, like Raccoon and Beaver, either were withdrawn or met with price resistance.
Muskrats sold 100%, predominantly to China, at price levels easier than our September Sale. These skins will be made into belly plates for liners and back plates for trimming and hopefully sold to the fashion industry in Korea. It would appear that the Koreans are no longer buying muskrats directly, as they have done for the past two years, but would instead prefer to buy the plates already made up from the Chinese. The lack of Korean participation in the auction room is the primary reason for the adjustment in the price of Muskrat from last season. Beaver sold approximately 65% with a limited quantity of heavier, better quality shearing types selling reasonably well, while commercial quality, straight haired types sold at disappointing levels. The smaller size Beavers were not offered due to reduced demand and prices at the present time.
Red Fox sold 70% with premiums being paid by the trim trade for better qualities and colours, while commercial qualities and flatter sections met with resistance. Raccoon were mainly withdrawn, primarily due to uncertainty created by the current political and economic conditions in Russia. This country has been a very important market for this article, whether it is purchased by the Russians for domestic consumption or purchased by the Chinese for export into the Russian market. We sold 350,000 Raccoon in our September Sale, which was a pleasant surprise to all. These are all scheduled for next season’s manufacturing and therefore the current market is not ready to purchase the fresh crop. As a result, we made the decision to adopt a strict selling policy to protect the price structure of our Raccoon assortment. Looking to our large wild fur offering in the March Sale, we will develop our selling policy based on market conditions at that time. This article is very attractively priced, which should make it very appealing to the Russian market given the current value of the ruble. However, the sale of this article will have to be properly managed, based on the purchasing patterns of the Russian and Chinese markets. Looking ahead to our March Sale, other than articles impacted by lack of Russian support, we expect most wild fur articles will see satisfactory results. Trimming goods such as Coyote and Red Fox, and high fashion goods like Fisher and Sable, should be in good demand and sell well. Short haired articles should benefit from the increased price of Ranched Mink and improved demand from China.
We have just concluded our January Sale in which over 3 million ranched mink sold 100% at advancing prices for all colour phases and types. These mink were purchased predominantly by China, which shows the incredible buying power of the largest fur market in the world. With the development of China’s cold winter and outstanding retail in the past six weeks, it is expected that China will sell 80% of the garments that were available at the retail level; this compares to only 50% sold last year.
Given the current market conditions and the situation in Russia, our Wild Fur promotional department will concentrate on the articles that previously had sold into this market. As your auction company, we have been through and successfully navigated these difficult market conditions before. You can rest assured that we will do everything within our power to produce the most competitive prices possible for our shippers.
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Post by whistlerwhittler on Feb 4, 2015 9:44:36 GMT -5
Has anyone here shipped fur to NAFA for the March sale? If so does you account show a receipt yet? I dropped fur off in North Syracuse on January 10 and have yet to see a receipt in my account.
I know the lotting letters don't show up till the last minute, but I don't remember receipts taking this long to surface.
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Post by BlackBearBill on Feb 4, 2015 11:49:26 GMT -5
No there is no receipts yet.
Bill
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Post by whistlerwhittler on Feb 4, 2015 13:36:45 GMT -5
Thank you Bill.
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