NAFA NEWS February 2017

Page 1

NAFA NEWS AUCTION EDITION February 2017

IN THIS ISSUE: · President's Message · NAFA Pioneer Program · Upcoming Calendar of Events · Grading and Cataloguing · Auction Results · February Top Lots 65 SKYWAY AVE. TORONTO, ON  M9W 6C7 CANADA | TEL: +1.416.675.9320  |  FAX: +1.416.675.6865  |  WWW.NAFA.CA


2

President's Message

Dear Rancher,

In many ways, we should consider our recent February sale a success. Buyers and ranchers alike were relieved that prices took a big step forward from levels established in January, providing renewed hope and a level of confidence for the rest of the 2017 marketing season. However, having said all of this, we fully realize and acknowledge that our auction results still have not reached a level of profitability for all of our suppliers.

Our sale definitely made a big difference in both the attitudes and the results of the Hong Kong Fur Fair, from which I just returned. Manufacturers in Hong Kong were able to price their garments based on our results, and found their customers more willing to buy in what appears to be an up-trending market.

One of the most important factors of the success that we had during our February sale came from the participation of our buyers not only from China and Hong Kong, but also those from Korea, Greece, and Russia, who helped to push the market forward. Our marketing department has been working tirelessly to promote your product across the globe since the end of the 2016 season, not only by promoting in new markets, but also in continuing to show our support of traditional ones. From market visits by our Senior Executives, to buyer outreach and education workshops, sponsorship of galas, events, shows and fairs, to advertising, editorials and social media, it seems we’ve been around the world and back since our last sale. Moving into our next auction, we will continue to promote your product in every market. While others are cutting back, we will continue to support the fur trade at international fur fairs and trade shows, in addition to our outreach to the fashion trade. On the opposite page, you will see NAFA’s calendar of upcoming events, indicating where and when we will be in key markets between now and May. You can follow updates and reports on these events on our website at www.fashion.nafa.ca. There are now fewer mink on the market than there have been in recent years. We are hoping that this will help encourage the market to continue to advance, and that the positive trend that we established in February will carry throughout the season. We feel very positively that our next auction in May will come at a very good time for our buyers.

We look forward to seeing you this spring. In the meantime, we wish you all the best for a healthy and successful breeding season. Sincerely, Michael D. Mengar

2

President and CEO


3

Pioneer Program

NAFA’s first Pioneer Program of 2017 took place on February 10-11.

Organized in association with the AMC, CMB, EFFC and Fur Commission USA, this unique program allowed participants to share ideas, gain invaluable experience and learn from one another in an open and collaborative environment, using a combination of workshops, presentations and events to connect ranchers of all ages. Presentations during the February sale included: Catalogue Workshop, Market Update, Vision 2020: Fur Certification and Traceability, Finance and Accounting, and an overview of Association accomplishments for 2016, and goals for 2017.

NAFA’S UPCOMING CALENDAR OF EVENTS NAFA is participating in many buyer solicitation and trade events before our next sale. For more details on these events as they happen, visit www.nafa.ca

• CHIC Shanghai – March 15-17, 2017

• Fur Excellence in Athens – Gala Show: March 30. Fair: March 31 - April 2, 2017 • ILOE Chicago – April 23-25, 2017

• Canada Hockey Day, Astana, Kazakhstan: May 26-27, 2017 • Kastoria Fur Fair – May 4-7, 2017

• NAFA Auction: May 8 - 14 (on show May 3) 3


4

Grading and Cataloguing GRADING & CATALOGING REVISIONS NAFA’S 2017

NAFA’S 2017

GRADING & CATALOGING REVISIONS

In order to better inform buyers of the distinguishing characteristics of our consignor groups and improve comprehension, NAFA has taken steps to enhance its grading and cataloging descriptions. NAFA will be enhancing its grading and cataloging descriptions to better inform buyers of the distinguishing

characteristics of our consignor PUBLISHING UNDERWOOL CODESgroups and improve comprehension. To promote the diversity of mink that we offer we will now publish a “+” to indicate skins with the PUBLISHING UNDERWOOL CODES deepest NAFA willunderfur. be grading andthat cataloging to abetter inform skins buyers distinguishing To enhancing promote the its diversity of mink we offer wedescriptions will now publish “+” to indicate with of thethe deepest underfur.

characteristics of our consignor groups and improve comprehension.

INTRODUCTION OF SHORT-OPEN NAP INTRODUCTION OF SHORT-OPEN NAP NAP CATALOGUE with an extra-open-nap from now on on be from skins PUBLISHING UNDERWOOL CODES will will Skins with Skins an extra-open-nap from now besplit split from DESCRIPTION with an extra short nap. An additional nap code has been introduced To promote of minknap. that we we will now publish skins with the deepest underfur. skins withthe andiversity extra short Anoffer additional nap codea “+” hasto indicate EXTRA SHORT OPEN 0 to accommodate this addition, see table on the right. been introduced to accommodate this addition, see table on SHORT SLIGHTLY OPEN 1X INTRODUCTION OF SHORT-OPEN NAP the right. BRONZE REVIVAL NAP COVERED CATALOGUE SHORT 1

Skins with anWe extra-open-nap will from now on be split from skins will be utilizing the BRONZE grade in our NAFA catalogue for

DESCRIPTION 2X

with an extraprime short pelts nap. that An additional code and has have beenvery introduced are free ofnap damage coarse hair or BRONZE REVIVAL SHORT MEDIUM COVERED EXTRA SHORT OPEN 0 2 to accommodate this addition, see table on the right. shallow underfur. This will grade help to in fine-tune the SILVER and VSL We will be utilizing the BRONZE our NAFA catalogue MEDIUM OPEN 1X 3 grading lines. Since there will only be a small quantity of BRONZESHORT SLIGHTLY for prime pelts that are free of damage and have very coarse pelts, this grade will not be offered every auction. LONG BRONZE REVIVAL SHORTMEDIUM COVERED 1 4 hair or shallow underfur. This will help to fine-tune the SILVER We will be utilizing the BRONZE grade in our NAFA catalogue for LONG SHORT MEDIUM OPEN 2X 5 and VSL grading lines. Since thereand willhave onlyvery be coarse a smallhair quantity EUROPEAN BOARD IDENTIFICATION prime pelts that are free of damage or SHORT MEDIUM 2 will only We willThis now ‘EBD’ part be of the string description where relevant, in order toCOVERED identify board type. This of BRONZE pelts, thisdisplay grade will not offered every shallow underfur. will help to as fine-tune the SILVER andauction. VSL be visible in published catalogues.

grading lines. Since there will only be a small quantity of BRONZE

SHORT MEDIUM OPEN

3

MEDIUM

EUROPEAN BOARD pelts, this grade will notIDENTIFICATION be offered every auction. MEDIUM LONG 4 GROUP NAME TRANSLATION We will now display ‘EBD’ as part of the string description where relevant, in order to identify board LONG 5 We will be assigning Chinese characters to each group-name to make them more recognizable. EUROPEAN BOARD IDENTIFICATION type. This will only be visible in published catalogues. We will now display part of the string description where relevant, in order to identify board type. This will only CLASSIC‘EBD’ BOOKas SEQUENCING

be visible NAME in published catalogues. The Classic catalogue will continue to be broken into sections according to nap, but will now run by size, then by grade. GROUP TRANSLATION We will be assigning Chinese characters to each group-name to make them more recognizable.

NAFA AND CLASSIC CATALOGUES GROUP NAME TRANSLATION The NAFAChinese and Classic catalogues are largely defined to bymake NAP and both contain high quality pelts. The grades in each We will be assigning characters to each group-name them more recognizable. CLASSIC BOOK SEQUENCING

The Classic catalogue will continue to be broken into sections according to nap, but will now run by CLASSIC BOOK SEQUENCING size, then byCATALOGUE grade. → NAFA CLASSIC catalogue are as follows:

The Classic catalogue will continue to be broken into sections according to nap, but will now run by size, then by grade.

0 1X 1 2X 2 3 4 5 NAFA AND CLASSIC CATALOGUES → NAP CATALOGUES NAFA AND CLASSIC XSO SSO SN SMO SMN MN MLN LN The NAFA and Classic catalogues are largely defined by NAP and both contain high The quality pelts. The The NAFA and Classic catalogues are largely defined by NAP and both contain high quality pelts. grades in each Complete pelt with very dense, very deep under-fur. grades in each catalogue are as follows: NAFA GOLD + / BLACK NAFA + 5 STAR + catalogue are as follows: Good coverage, smooth and silky texture DESCRIPTION

NAFA GOLD / BLACK NAFA

CATALOGUE →

NAFA

LABELLED

NAP

0 XSO

1X SSO

1 SN

NAFA SILVER +

2X 2 SMO SMN NAFA SILVER

NAFA GOLD + / BLACK NAFA +

NAFA BRONZE

NAFA GOLD / BLACKVSL+ NAFA UNLABELLED LABELLED

(very slight damaged)

UNLABELLED (very slight damaged) 4

NAFA SILVER + VSL

3 MN

5 STAR

Complete pelt with very dense and deep under-fur. Good coverage, smooth and silky texture

4 STAR +

Complete pelt with dense under-fur with DESCRIPTION uneven coverage with a lesser degree of silkiness.

CLASSIC

4 5 MLN 4 STAR LN 5 STAR +

3 STAR

5 STAR VSL+ 4 STAR + VSL

Complete pelt with moderate under-fur with uneven coverage with a lesser degree of silkiness

Complete pelt with very dense, very deep under-fur. Complete pelt with shallow under-fur and coarse Good coverage, smooth and silky texture texture.

Complete peltpelt with very dense deepdense under-fur. Prime with very slightand damage, to very Good coverage, smooth and silky texture dense under-fur, good coverage and silky texture. Complete pelt pelt withwith dense with Prime veryunder-fur slight damage, shallow to moderate under-fur and of coarse texture. uneven coverage with a lesser degree silkiness.

NAFA SILVER

4 STAR

Complete pelt with moderate under-fur with uneven coverage with a lesser degree of silkiness

NAFA BRONZE

3 STAR

Complete pelt with shallow under-fur and coarse texture.

VSL+

VSL+

Prime pelt with very slight damage, dense to very dense under-fur, good coverage and silky texture.

VSL

VSL

Prime pelt with very slight damage, shallow to moderate under-fur and coarse texture.


FEBRUARY 2017 Price breakdown US$ BLACK MINK MALE Offered

744

Sales %

100%

Top

69.00

Offered

17,109

Sales %

100%

Top

65.00

Offered Sales % Top

83,553 99% 1,750.00

Offered

92,950

Sales %

100%

Top

58.00

Offered Sales % Top

33,866 99% 47.00

Offered

5,651

Sales %

100%

Top

34.00

Offered Sales % Top

233,873 99% 1,750.00

Grades

Size

NAFA collection

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

5X0

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

NAPS 1

SN

SMN

69.00 57.00

62.00 63.15

63.55

54.00

58.46 52.52

62.37 55.04

49.79

50.78 47.52

54.00

55.78 60.15

61.02

49.79

49.21

50.47

52.06 60.02 50.65

45.40

51.87

54.16 57.47

58.30

45.40

47.00

46.43

46.89

50.59 44.61

53.21 44.89

42.58

46.89

48.60 50.75

51.45

42.58

44.99

42.00

37.20

43.13 36.18

44.20 36.69

36.00

37.20

40.73 41.18

41.98

36.00

34.48 33.54

32.88

13,806 100% 46.21

BLK

45.92

25,235 100% 49.74 52.80

40.16

39.10

47.46

46.14 44.96 43.57

39.71 36.67 37.00 34.79 30.81

33.95

30.39

33.66 29.46 28.00 31.24 27.08

32.69

138,536 99% 53.86

50.00

42.16 35.38

34.00 30.75

33.54

55.00

47.71 44.00

43.00

40.77

35.17

49.35

47.92

56.50 50.03

49.79

55.00

55.00

56.00

51.87

30.04

30.04

23.00

30.00

12,920 100% 43.48

34,223 99% 40.06

40.71

NAPS

Grades 5-star collection

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

3

MN

MEDIUM-LONG 4 MLN

5 LN

43.00 43.00

43.00

42.74 40.36 41.50

41.50

37.72 36.50 34.00 35.35

35.35

32.39 31.00 28.40 29.60

29.60

26.41 25.51 23.49 23.96

23.96

22.00 9,153 100% 32.96

32.96

57.16

XXD

All grades & sizes

SMO

62.00

AUCTION REPORT Colour

SHORT-MEDIUM 2X 2

Clarity

47.87

All grades & sizes

FEBRUARY 2017 XD

48.13

DK

45.00

Price breakdown US$ BLACK MINK FEMALE Offered Sales % Top

Offered Sales % Top

Offered

16,930 98% 48.00

94,521 99% 1,050.00

106,378

Sales %

100%

Top

41.00

Offered

27,623

Sales %

100%

Top

32.00

Offered Sales % Top

245,452 99% 1,050.00

Grades

Size

NAFA collection

SHORT 1X

0

XSO

Black NAFA Silver Bronze 0 Nap Average Nap Group Avg. VSL+ NORTH AMERICAN FUR AUCTIONS VSL Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

2

Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

3

All Sizes

Offered Sales % Nap Average Nap Group Avg.

All grades & sizes

XXD XD DK

40.60 31.57

1

SN

45.45 36.13

SHORT-MEDIUM 2X 2

SMO

NAPS

Grades 5-star collection

42.66 33.31

28.30

30.65

32.34 39.94

41.01

28.30

31.50

27.64

28.00

23.63

26.90 24.80

35.49 27.24

26.10

23.63

26.09 31.64

33.34

26.10

26.16

21.00

19.49

22.41 19.77

27.12 21.20

19.15

19.49

21.54 23.65

24.52

19.15

16.79 24,674 100% 27.72 35.20

150,140 99% 36.83

33.49 26.72 29.93

26.07

19.93

20.86

34.83 30.32

3

MN

5 star 27.00 4 star 24.00 3 star 37.10 43.98 31.41 32.59 Nap Average 24.64 Nap Group Avg. 43.53 32.39 35.18 VSL+ | 65 SKYWAY AVE, TORONTO, ON32.60 | 416-675-9320 | WWW.NAFA.CA 31.06 VSL

34.03 28.58

7,814 100% 24.96

SMN

31.41

30.65

BLK

Colour

SSO

NAPS

30.48 25.36 24.14 29.12 23.18

26.47

20.00

26.59 21.12 19.96 22.91 17.82

20.40

20.62

16.54

17.31 15.50

13,373 100% 26.42

38,811 100% 27.14

26.98

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

MEDIUM-LONG 4 MLN

5 LN 2017-02-16

24.64

26.00 22.28 24.06

24.06

22.00 21.32 18.32 19.82

19.82

16.63 17.00 15.74 16.35

16.35

15.50 10,640 100% 20.12

20.12

40.70 30.46 32.49

Clarity

All grades & sizes

28.02

5


FEBRUARY 2017 Price breakdown US$ MAHOGANY MINK MALE Offered

2,534

Sales %

100%

Top

58.00

Offered Sales % Top

15,909 98% 56.00

Offered

32,864

Sales %

100%

Top

57.00

Offered

32,162

Sales %

100%

Top

48.00

Offered

14,084

Sales %

100%

Top

38.00

Offered

97,553

Sales %

100%

Top

58.00

Grades

Size

NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

5X0

SHORT 1X

0

XSO

SSO

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XXD

Colour

1

SN

58.00

56.55 55.00

58.00 56.65

56.39 54.30

SMO

SMN

49.48

55.43

52.52 48.80

45.89

49.94 44.34

55.43 52.48

51.94

45.89

46.73

49.49

52.29

50.63 43.81

42.53

52.29 49.70

49.19

42.53

44.00

43.13 37.75

37.20

44.00 42.36

42.01

37.20

36.68

36.06 30.41

30.00

36.68 34.81

34.34

30.00

6,182 100% 49.81 47.97

23,115 100% 47.59

45.78

39.47

33.16

46.52

45.00

44.85 44.00 44.86 41.36

43.10

37.93

43.23 38.43 35.70 36.11 35.46

36.10

32.53

35.85 33.60 28.71 30.02 28.14

29.51

29.38

26.56

27.52 25.00

9,422 100% 39.14

25,045 99% 38.76

38.84

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

3

MN

MEDIUM-LONG 4 MLN

Clarity

5 LN

43.00 43.00

43.00

43.48 41.95

41.90 40.15

42.53

40.68 41.88

41.77

39.35

37.26 36.12

36.00 35.43

36.52 35.30

36.68

35.72 36.48

35.88

35.88

34.28

35.00

34.28 32.94

33.13 30.72

30.55 30.41

33.65

32.26 33.12

30.48

37.00 37.00

31.66

30.48

26.00

27.85 26.73

25.43 23.00

23.64 20.00

27.32

24.59 26.19

22.12

24.68

22.00

20.00

24,146 100% 34.79

7,384 100% 32.20 34.01

2,259 100% 30.67

52.00

2

46.35

3

All grades & sizes

40.90

MED

5-star collection

1

39.15

DK

NAPS

Grades

SHORT-MEDIUM 2X 2

41.97

XD

All grades & sizes

NAPS

38.21

4

32.00

37.42

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ MAHOGANY MINK FEMALE Offered

2,005

Sales %

100%

Top

39.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

19,282 92% 40.00

42,857 92% 165.00

32,588 92% 27.00

6,500 93% 21.00 103,232 92% 165.00

Grades

Size

NAFA collection

All grades & sizes

SSO

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

2

3

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD DK MED

6

XSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

3

MN

MEDIUM-LONG 4

Gold 37.00 33.00 5 star Silver 35.02 4 star 25.00 Bronze 3 star 36.39 33.00 Nap Average 25.00 00 Nap Average Nap Group Avg. Nap Group Avg. 36.39 33.00 VSL+ 35.00 VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL VSL

XXD

Colour

SHORT 1X

0

33.80

34.25 31.62

31.22

29.32 26.86

33.80 33.77

33.77

31.22

27.36

31.48

28.36

27.57

27.59 27.00

28.14

32.88 28.41

26.69

26.72 22.90

28.14 31.49

31.84

26.69

25.17

28.31

24.64

26.42 24.40

24.75

24.64 25.73

25.93

24.75

21.00

23.39

25.44

23.00

21.91 19.18 21.54

19.31

21.00

19.00

21.00

19.00

22,255 100% 31.46

7,394 100% 26.02

22.15 21.56

20.57 18.62 18.50 19.39 16.00

18.62

18.46 15.50

3,561 100% 29.71 31.26

24.92 22.71

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

Clarity

All grades & sizes

2017-02-16

25.00 23.00 21.64

22.79

22.19 22.10

19.00

22.69

20.00

19.00

21.50 19.51

19.35 18.25

20.37

18.82 19.72

19.00

17.87 17.87

19.47

18.00

17.00

17.81 17.48

16.30 15.90

15.87 15.00

17.67

16.10 16.98

15.49

17.58

16.40

14.00

15.50 14.00

15.27 14.30

12.74

14.82

14.81 14.50

12.74

14.00

13.00

12.50

25,848 87% 18.96

10,492 100% 17.49 18.23

5,560 83% 16.15

29.24

3 4

5 LN

24.00 22.50

2

23.81 23.11

24.27

28,122 87% 23.81

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

MLN

22.51 17.63


FEBRUARY 2017 Price breakdown US$ DEMI BROWN MINK MALE Offered

1,291

Sales %

100%

Top

57.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered

39,668 96% 54.00

97,032 97% 50.00

71,394 95% 44.00

25,916 93% 33.00

754

Sales %

100%

Top

20.00

Offered Sales % Top

236,055 96% 57.00

Grades

Size

NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

5X0

SHORT 1X

0

XSO

SSO

52.00 52.00 54.01

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

000

00

51.37 47.38 49.34 49.66 43.00

1

SN

56.46 52.08

50.59 47.61 42.00 49.76 45.53

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

40.89 37.10

41.81 32.82

39.53 38.50

37.70

36.09 33.00 33.00 28.14

45.87 41.17 45.12 42.00

34.26

All Sizes

43.45

46.00 43.16 41.00 43.33

41.86

42.49 42.06

42.20 37.35 36.00 38.45

39.94 36.87 36.00 37.72

38.14

36.52

36.35 37.03

37.88 32.74 30.00 33.86

35.97 32.80 30.24 33.04

33.39

30.42

31.00 31.08

26.00

30.00 26.43

27.70 26.23

26.00

27.73

26.67

27.08

26.46

24.91

5-star collection

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

Offered Sales % Nap Average Nap Group Avg.

8,193 89% 44.03 44.56

17,996 90% 44.77

33.86 34.25 35.81 35.50 35.26 34.06 34.91

52,096 92% 38.11

37.01

39,076 98% 35.70

MEDIUM-LONG 4

3

MN

MLN

47.00

47.00

45.00 42.00 42.72 39.79 41.91

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

38.51 36.74 35.77 36.67

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

32.54 30.67 28.59 30.65

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

26.42 25.85 23.00 25.68

Offered Sales % Nap Average Nap Group Avg.

40.69 40.69 41.03 40.00

39.29 40.80

36.10 36.10 36.46 34.33

36.07 35.06

31.84 29.34 29.76 30.17 28.17

26.90

25.50 23.73 23.90 25.03 22.15

23.11 23.00

AUCTION REPORT

19.50

FEBRUARY 2017

38.00 37.24 37.45 34.30 36.42 31.27 32.00 30.79 27.27 29.87 27.88 26.55 25.10 25.00 25.08 22.48 23.00

19.50 17.50

20.00 20.00 60,381 97% 34.16

31,935 100% 32.38 33.42

26,378 100% 33.17

37.27

3

All grades & sizes

39.85 37.00 38.88

19.50

2

Clarity

5 LN

47.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

XXD XD DK MED PL XP XXP

All grades & sizes

46.25 43.26 40.25 43.50

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Colour

SMN

52.52

46.32 44.00 36.00 45.02 45.10 41.00

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

54.74

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

NAPS

35.49

4

42.00

Price breakdown US$ DEMI BROWN MINK FEMALE Offered

1,840

Sales %

100%

Top

33.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

53,717 99% 37.00

112,877 99% 35.00

62,222 99% 25.00

Offered

2,403

Sales %

100%

Top

14.00

Offered Sales % Top

233,059 99% 37.00

Grades

Size

NAFA collection

All grades & sizes

XSO

SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

MEDIUM-LONG 4

3

MN

Gold 32.00 5 star 26.00 Silver 27.00 4 star Bronze 3 star 29.14 Nap Average 26.00 00 Nap Average Nap Group Avg. Nap Group Avg. 29.14 VSL+ VSL+ 25.45 NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL 32.20 28.00 VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

1

3

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD

35.14 29.28

31.67 32.06

32.44

32.28 25.48

26.93 28.59

29.90

24.87

23.12

26.00 22.96 20.00 24.00

25.89 22.07 20.00 23.29

23.57

20.00

19.20

21.22 19.01

20.00 17.77

24.10 23.26

22.63

20.02

18.63

19.00

19.00

19.07

17.91

15.71

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

25.14 23.03 20.60 23.26

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

23.68 20.45 19.00 21.25

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

18.03 16.75 15.50 17.09

22.00

19.00

16.21

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 9,877 93% 28.36 29.19

13,935 94% 29.89

26,650 100% 24.31

20.03

20.31

MED

20.71

XXP

25.97

27.31 24.89 23.00 25.17

22.63

20.38

PL

24.89

30.00 26.04 23.00 27.03

24.46 21.00

DK

XP

29.47

28.34 25.00

24.56

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

2

33.22 30.04

28.37

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

XXD

Colour

SHORT 1X

0

21.68

19.84

18.49

23.41

47,134 100% 22.84

Offered Sales % Nap Average Nap Group Avg.

All grades & sizes

3

5 LN 2017-02-16

26.00

22.63 22.63 22.60 20.71 20.70 18.28 18.79 19.95 17.46 17.50 16.00 15.62 15.72 16.23 15.42

19.00 18.60 18.86 19.30 18.54 17.39 16.58 17.21 16.60 16.43 15.50 15.00 15.38 14.69 15.12

14.00 14.00 14.00 71,483 99% 20.70

2

Clarity

MLN

38,145 100% 17.73 19.13

25,835 100% 16.64

23.15 19.43

7


FEBRUARY 2017 Price breakdown US$ BLUE IRIS MINK MALE Offered

1,728

Sales %

100%

Top

72.00

Offered

10,036

Sales %

100%

Top

76.00

Offered

15,135

Sales %

100%

Top

69.00

Offered

9,897

Sales %

100%

Top

54.00

Offered

1,466

Sales %

100%

Top

35.00

Offered

38,262

Sales %

100%

Top

76.00

Grades

Size

NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

0

XSO

60.00

1

SN

SMO

60.00

54.00

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XXD

SMN

68.98 62.48

66.23

57.37

66.23 55.47 72.17 63.09

57.37

57.37

51.66

68.72

52.33

68.72 50.20 64.52 56.09

52.33

52.33

42.99

61.91

61.91 43.10 47.52 42.89

46.36

46.36 37.64 33.76

33.76 1,362 100% 55.81

55.81

58.88

33.76 30.95 31,734 100% 58.88

41.58

XD

Clarity

51.70

MED

52.67

XP

52.60

MEDIUM-LONG 4

3

MN

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

MLN

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

53.87

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

49.25

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

35.89

53.87

5 LN

53.87

44.83

49.25

49.25

40.48

35.89

35.89

33.82

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

5,166 100% 46.83

46.83 66.12

2

All grades & sizes

58.26

PL

5-star collection

1

49.92

DK

NAPS

Grades

SHORT-MEDIUM 2X 2

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

All grades & sizes

SSO

60.00

NAPS

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Colour

SHORT 1X

48.79

3

45.51

X

62.46

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ BLUE IRIS MINK FEMALE Offered

3,205

Sales %

82%

Top

Offered Sales % Top

Offered Sales %

49.00

16,598 69% 44.00

17,957 90%

Top

37.00

Offered

3,305

Sales % Top Offered Sales % Top

84% 26.00 41,065 81% 49.00

Grades

Size

NAFA collection

All grades & sizes

SSO

1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

2

5-star collection

SMN

37.37 31.36 35.41

3

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD DK

31.45

23.00

26.00

31.45 21.53 16.00 24.16 18.62

21.15 584 75% 34.00

34.00

33.16

21.84

3

MN

27.75 32.92 26.22 25.35

21.15 18.06 33,475 77% 33.16

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

22.82

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

20.93

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

18.00

Offered Sales % Nap Average Nap Group Avg.

7,006 100% 21.50

22.82 19.00

20.93 17.59

18.00 17.02

1

24.66

MED PL

35.41

32.96 27.47

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

XP

8

XSO

NAPS

Gold 34.00 45.08 5 star Silver 38.68 4 star Bronze 3 star 34.00 42.19 Nap Average 0 Nap Average Nap Group Avg. Nap Group Avg. 34.00 42.19 VSL+ 26.52 VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON31.96 | 416-675-9320 | WWW.NAFA.CA VSL VSL

XXD

Colour

SHORT 1X

0

Clarity

All grades & sizes

3

MLN

5 LN 2017-02-16

22.82

20.93

18.00

21.50 34.54

2

X

MEDIUM-LONG 4

24.57 17.16 37.48


FEBRUARY 2017 Price breakdown US$ PASTEL MINK MALE Offered

4,042

Sales %

100%

Top

63.00

Offered

15,831

Sales %

100%

Top

61.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

34,355 94% 280.00

29,819 93% 56.00

8,454 90% 41.00 92,501 95% 280.00

Grades

Size

NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

5X0

0

XSO

61.80

58.47

55.23

All Sizes

SMO

61.80

SMN

56.52 54.32

55.22

50.55

58.47

51.67

51.08

Offered Sales % Nap Average Nap Group Avg.

53.94

XD

53.00 49.78

51.67 49.34 43.76 52.48 45.72

55.23

50.38

48.04

50.38 42.00 39.17 47.51 39.80

50.55

44.88

41.48 41.00

41.00

55.22

53.91 48.32

51.60 47.37

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

1

SN

61.80

44.88 35.00 33.31 36.48 33.00

41.00

36.02

36.90 19,067 99% 53.94

48.01

36.02 30.00 31.00 38,988 88% 48.01

43.00

DK

41.10

MED

41.75

PL

MEDIUM-LONG 4

3

MN

MLN

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

49.78 48.27

46.29

41.52

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

47.92 45.68

42.98 41.89

46.83

42.40 46.30

43.98

37.64

43.02 43.33

42.83 41.84

43.13

42.37 43.00

41.63

38.02

40.20 39.02

35.39 35.68

39.80

35.49 38.53

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

48.93

5 LN

48.93

35.37

32.53

35.00 32.04

32.42 29.15

34.15

30.90 33.07

29.24

26.00

26,405 99% 42.02

8,041 100% 37.09 40.94 50.68

3

All grades & sizes

45.72

XXP

5-star collection

2

Clarity

47.26

XP

NAPS

Grades

SHORT-MEDIUM 2X 2

56.81 51.36

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

NAPS

60.02 55.18

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

All grades & sizes

SSO

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

Colour

SHORT 1X

44.45

46.69

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ PASTEL MINK FEMALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

Colour

All grades & sizes

15,668 80% 51.00

43,720 82% 46.00

28,191 84% 37.00 87,579 82% 51.00

Grades

Size

NAFA collection

0

XSO

SHORT 1X SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

MEDIUM-LONG 4

3

MN

Gold 42.70 29.62 5 star 26.76 Silver 33.95 27.77 4 star 24.00 Bronze 3 star 39.93 28.68 Nap Average 25.44 0 Nap Average Nap Group Avg. Nap Group Avg. 39.93 28.68 VSL+ 38.53 VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON23.00 | 416-675-9320 | WWW.NAFA.CA VSL 26.43 VSL 23.84 Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

40.61 31.16 38.34

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

2

All Sizes

30.62

36.81

XD

20.56

DK

20.32

PL XP XXP

38.34

30.71

32.27 33.07 22.35

Offered Sales % Nap Average Nap Group Avg.

MED

33.74 24.51 30.71 24.45 21.48 25.76 19.38

30.62

23.97

26.80 19,842 89% 36.81

28.41

23.97 18.77 17.00 37,355 68% 28.41

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

32.17 28.53

Clarity

All grades & sizes

2017-02-16

20.40 20.97 18.35

21.28

19.09 20.73

20.78

18.00

18.49 17.39

18.00 17.14

18.10

17.36 17.90

17.31

16.81

23,520 94% 20.53

6,862 100% 18.48 20.02 44.00

2 3

23.17

5 LN

23.17 25.17

21.75 19.75

1

23.67

MLN

32.84 23.64

31.19

9


FEBRUARY 2017 Price breakdown US$ PEARL MINK MALE Offered

594

Sales %

69%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

56.00

9,128 37% 56.00

31,876 49% 46.00

27,089 62% 45.00

11,101 99% 34.00 79,788 59% 56.00

Grades

Size

NAFA collection

5X0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

All Sizes

Offered Sales % Nap Average Nap Group Avg.

MED

0

XSO

SSO

1

SN

SMO

SMN

56.00 50.44

50.44

45.03

40.26

56.00 55.69 54.27 49.30

50.44

50.36

50.36 50.00 47.63

45.00 45.08

43.85 43.25

45.03

43.45

43.45

45.00 41.58

41.60 39.00

38.08 37.84

40.26

37.93

37.93

33.28 33.69 32.00 32.90

31.91 30.80

32.90

31.27

31.27 29.00

42.70

23,591 38% 42.70

40.40

39,742 55% 40.40

Clarity

36.26 37.30

4XP

38.69

3XP

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

MEDIUM-LONG 4

3

MN

MLN

5 LN

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

39.95 38.00 39.57

33.57 32.44 33.35 32.00 31.33 30.00 31.17

37.00

36.00

37.00 39.09 36.00

36.00

32.49

31.54 31.54

30.00 30.29 30.00

29.86 9,081 100% 34.35

36.00

32.49 32.84 32.00 30.00

3,968 100% 31.33 33.11

31.00 27.00 27.00 27.00 3,406 100% 30.83

40.11

3

All grades & sizes

39.03

5XP

5-star collection

2

32.00

XXP

NAPS

Grades

SHORT-MEDIUM 2X 2

56.00

XP

All grades & sizes

NAPS

28.00

PL

Colour

SHORT 1X

35.60

39.88

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ PEARL MINK FEMALE Offered

832

Sales %

100%

Top

36.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

12,619 63% 36.00

38,747 72% 33.00

20,461 89% 24.00 72,659 76% 36.00

Grades

Size

NAFA collection

All grades & sizes

SSO

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

35.30

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

29.48

1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

2

All Sizes

22.12

XP

32.26 28.44

35.30

29.29

29.29

27.84 26.00

30.21 26.63

28.14 23.45

29.48

25.72

25.72

22.12

22.58 20.26

22.12

21.56

21.56

18.91

Offered Sales % Nap Average Nap Group Avg.

XXP

35.71 35.00

22.60

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

29.47

19,707 44% 29.47

25.29

20.04 22.75 23.58

4XP

24.07

5XP

23.63

3XP

1 0

XSO

NAPS

MEDIUM-LONG 4

3

MN

Gold 36.00 35.00 5 star Silver 4 star Bronze 3 star 36.00 35.00 Nap Average 00 Nap Average Nap Group Avg. Nap Group Avg. 36.00 35.00 VSL+ VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL VSL

PL

Colour

SHORT 1X

0

24.69

32,541 80% 25.29

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

25.04 22.00 24.56

All grades & sizes

5 LN 2017-02-16

24.56

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

24.74 21.36 20.00 21.91

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

22.00 18.68

19.00 18.24

19.32

18.31 18.78 17.00

18.17

5,217 100% 18.95 20.39

3,369 100% 18.55

Offered Sales % Nap Average Nap Group Avg.

20.00

17.50 11,825 100% 21.37

2

Clarity

MLN

3

20.00

19.00

20.00 21.15 20.00

19.00

25.65 21.91

19.00 18.50 18.17

17.00 16.79


FEBRUARY 2017 Price breakdown US$ Grades

SAPPHIRE MINK Size MALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

2,439 84% 84.00

10,419 95% 78.00

13,982 98% 70.00

4,396 95% 55.00 31,236 96% 84.00

NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

SHORT 1X

0

XSO

SSO

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

All Sizes

Offered Sales % Nap Average Nap Group Avg.

66.60 73.50

75.75

69.80

71.83 65.47

69.80 69.74

69.72

SMO

63.12 56.69

55.41 60.36

61.24

62.19

50.36 49.92

40.00 49.58

50.23

64.16 49.00 51.45

62.19 44.42 47.00 53.14 49.63

51.84

43.05

40.00

65.75 54.00

68.49 52.90

51.56

55.41

SMN

64.16

53.00

51.84 36.78 37.53 45.36 39.30

42.91

34.41 15,278 95% 63.87

54.25

42.91 31.42 10,518 96% 54.25

5-star collection

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

3

MN

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

54.04 49.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

47.80 42.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

36.59 36.00

Offered Sales % Nap Average Nap Group Avg.

1,909 100% 45.32

Clarity

60.58

PL

58.53

XP

58.00

MLN

5 LN

52.55

43.00

46.29

46.29

36.00

36.41

36.41

34.00

45.32 54.27

3

All grades & sizes

MEDIUM-LONG 4

52.55

2

54.62

MED

All grades & sizes

75.48 77.04

NAPS

Grades

SHORT-MEDIUM 2X 2

48.23

DK

Colour

1

SN

66.60

3,531 96% 62.25 63.60

XD

NAPS

60.70

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ Grades

SAPPHIRE MINK Size FEMALE Offered

848

Sales %

100%

Top

45.00

Offered

2,963

Sales % Top

92% 57.00

Offered

14,531

Sales %

100%

Top

58.00

Offered Sales % Top Offered Sales % Top

12,844 95% 52.00 31,186 97% 58.00

NAFA collection

All grades & sizes

XSO

SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

3

MN

Gold 42.09 5 star Silver 4 star Bronze 3 star 42.09 Nap Average 00 Nap Average Nap Group Avg. Nap Group Avg. 42.09 VSL+ VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON33.01 | 416-675-9320 | WWW.NAFA.CA VSL VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

2

All Sizes

Offered Sales % Nap Average Nap Group Avg. XD

Colour

SHORT 1X

0

DK

XP

49.17 42.91

44.42 46.63

46.97

45.29

51.34 38.42

45.29 46.10

46.17

43.00

43.00

34.03

46.66 35.51

39.01 42.91

43.14

41.39

40.72 34.26

41.39 27.55 25.17 39.74 33.68

37.32

24.96 14,436 95% 45.31

39.50

32.47 37.43

43.00

46.15 36.14

34.02

39.01

1,267 100% 43.64 45.18

MED PL

44.42

Clarity

All grades & sizes

37.32 23.77 21.34 12,157 99% 39.50

MEDIUM-LONG 4 MLN

5 LN 2017-02-16

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

33.90 28.79

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

26.44 25.00

Offered Sales % Nap Average Nap Group Avg.

3,326 100% 28.19

31.54

31.54

26.55

25.66

25.66

22.00

28.19

2

37.37

3

37.36

43.12

11


FEBRUARY 2017 Price breakdown US$ SILVERBLUE MINK MALE Offered

4,668

Sales %

100%

Top

54.00

Offered

13,798

Sales %

100%

Top

49.00

Offered

11,227

Sales %

100%

Top

43.00

Offered

2,547

Sales %

100%

Top

33.00

Offered

32,240

Sales %

100%

Top

54.00

Grades

Size

NAFA collection

4X0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

000

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

00

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

SMO

SMN

52.57 48.83 50.58 51.24

44.15

45.91 41.57 44.15 44.34

38.28

39.84 35.65 38.28 34.31

31.23

41.98

31.89 29.95 31.23

13,552 100% 41.98

37.13

XD

Clarity

37.61

MED PL

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

3

MN

39.80

MEDIUM-LONG 4 MLN

45.65 44.42 45.12

44.41 44.41 42.82

44.00

5 LN 40.24 38.00 39.93 38.34

42.65 39.82 41.68

40.48 40.48 39.85 38.00

41.19 40.00 36.15 33.45 35.72

33.96 33.96 34.74 32.00

32.00 33.64 31.85 28.00 30.99

37.31 34.62 36.83 37.00 35.00 33.74 32.15 33.39 32.00 32.00

30.64

30.00

30.64 30.65

30.00

2,899 100% 36.54 37.41

7,120 100% 35.83

26.00 8,669 100% 38.73

37.15

2

All grades & sizes

40.51

XP

5-star collection

1

38.87

DK

All grades & sizes

1

SN

NAPS

Grades

SHORT-MEDIUM 2X 2

50.58

XXD

Colour

NAPS

42.79

3

37.62

41.48

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ SILVERBLUE MINK FEMALE Offered

10,027

Sales %

100%

Top

29.00

Offered

23,728

Sales %

100%

Top

29.00

Offered

12,244

Sales %

100%

Top

24.00

Offered

45,999

Sales %

100%

Top

29.00

Colour

All grades & sizes

NAPS

Grades

SHORT SHORT-MEDIUM MEDIUM-LONG NAFA 5-star 1 1X 2X 2 3 4 0 collection collection NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY ONSMN | 416-675-9320 | WWW.NAFA.CA SNAVE, TORONTO, XSO SSO SMO MN MLN

0

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

27.00 27.00

27.00

25.78

2

All Sizes

29.00 29.00

29.00

24.31

20.12

19.00 20.80 17.50 20.12 17.75

27.91

XXD

20.03

XD

20.29

DK

20.48

PL

26.74 24.87 21.06 24.31 21.28

Offered Sales % Nap Average Nap Group Avg.

MED

26.72 23.72 25.78 24.25

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

XP

1 2

NAPS

Grades

Size

1,779 100% 27.91

23.52

20,154 100% 23.52

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL 5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

Offered Sales % Nap Average Nap Group Avg. 2

23.28 20.68 24.00

Clarity

All grades & sizes

3

22.91 22.00 22.77 21.85 21.00 21.38 20.00 21.16

17.63 16.50 17.40

22.00

22.00 22.00

18.89

18.00 17.50 17.86

16.29 16.29 16.82 16.00

17.47 16.83 12,782 100% 20.43

4,152 100% 18.15 19.51 23.35 20.03

5 LN

22.00 22.62 21.00

18.89 20.15 18.50

20.00 20.58

2017-02-16

20.00 20.00

17.78 18.00 16.00 15.50 15.70 16.00 15.95 7,132 100% 17.46


FEBRUARY 2017 Price breakdown US$ VIOLET MINK MALE Offered

3,610

Sales %

100%

Top

70.00

Offered

7,042

Sales % Top

Offered Sales %

90% 240.00

4,323 83%

Top

65.00

Offered

1,099

Sales % Top Offered Sales % Top

54% 46.00 16,074 88% 240.00

Grades

Size

NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

4X0

000

00

All Sizes

67.33

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

59.55

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

49.00

Offered Sales % Nap Average Nap Group Avg. DK

All grades & sizes

SSO

NAPS 1

SN

68.29 58.00

SMO

67.33

SMN

58.00

58.00

60.18

59.55

65.55

60.15

65.98

55.13

54.66

538 63% 55.78

64.52

55.13 47.63 50.63

61.16

50.63

45.49 46.00

46.00

50.00 55.13

61.76 49.00

49.00

58.00

50.63 40.00 37.00

46.00

37.00

38.00 11,060 86% 64.93

52.11

37.00

2,663 89% 52.11

44.22

MED

57.96

PL

58.66

NAPS

Grades

SHORT-MEDIUM 2X 2

66.71 58.00

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

Colour

0

XSO

SHORT 1X

5-star collection

3

MN

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

48.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

47.16

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

41.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

36.00

Offered Sales % Nap Average Nap Group Avg.

1,813 100% 43.40

48.00

47.16 43.05

41.00 37.96

36.00 31.00

1

Clarity

All grades & sizes

2

MEDIUM-LONG 4 MLN

5 LN

48.00

47.16

41.00

36.00

43.40

240.00

57.26

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ VIOLET MINK FEMALE Offered Sales %

4,495 87%

Top

56.00

Offered

8,024

Sales % Top

Offered Sales % Top Offered Sales % Top

Colour

All grades & sizes

80% 215.00

3,439 55% 48.00 15,958 77% 215.00

NAPS

Grades

NAPS

Grades

SHORT SHORT-MEDIUM MEDIUM-LONG NAFA 5-star 1 1X 2X 2 3 4 0 collection collection NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY ONSMN | 416-675-9320 | WWW.NAFA.CA SNAVE, TORONTO, XSO SSO SMO MN MLN

Size

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

1

2

All Sizes

53.29 43.00

51.70

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

37.00

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

29.00

37.00 29.00

29.00

Offered Sales % Nap Average Nap Group Avg.

231 100% 33.85

DK

29.43

51.70 44.40 55.34 40.00

53.10

42.00

53.50

42.00

40.00

42.00 28.00

44.56

43.47

51.46

MED

45.42

PL

46.00

44.56 35.00 11,210 83% 51.84

42.00

Clarity

All grades & sizes

2,223 18% 42.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

30.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

28.19

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

29.00

Offered Sales % Nap Average Nap Group Avg.

2,294 100% 28.60

1

2

30.00 30.42

28.19 24.16

29.00 23.20

2017-02-16

5 LN

30.00

28.19

29.00

28.60

215.00

44.31

13


FEBRUARY 2017 Price breakdown US$ WHITE MINK MALE Offered

5,059

Sales %

100%

Top

63.00

Offered

35,731

Sales %

100%

Top

59.00

Offered Sales % Top

69,167 99% 290.00

Offered

51,047

Sales %

100%

Top

48.00

Offered Sales % Top

Offered

23,865 98% 41.00

750

Sales %

100%

Top

27.00

Offered Sales % Top

185,619 99% 290.00

Size

5X0

4X0

000

00

0

Grades NAFA collection

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

All Sizes

Offered Sales % Nap Average Nap Group Avg.

0

XSO

60.00

SHORT 1X SSO

NAPS 1

SN

58.34 58.00

61.76 57.78

58.28 59.82

60.45

51.00

55.82 54.60

51.00

55.60 55.40

56.44 54.04 50.00 55.76

60.00 54.00

48.00 46.99

49.67 47.00

46.99

49.09 49.80

44.38 41.07

43.46 42.00

41.07

43.15 44.42

39.00

SMO

SMN

60.00 54.00

56.19

57.33

50.98

54.00 51.21 48.18 46.00 50.16

45.52

47.19 45.84 42.84 39.00 44.81

40.50

41.76 37.98 36.14

34.00

6,472 100% 48.56

37.26

13,806 99% 50.98 50.39

37.26

33.97

35.00

71,619 98% 50.40

Colour

43.54

56.19 55.43 52.73 50.67 43.00 50.98 48.61 48.62 47.23 44.50 42.48 45.52 43.00 44.41 42.85 38.82 37.00 40.50 36.70 35.47 35.13 32.68 31.00 33.97 32.36 30.00

51,496 100% 43.54

Clarity

All grades & sizes

All grades & sizes

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

MEDIUM-LONG 4

3

MN

MLN

50.00

5 LN

50.00 50.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

46.00 45.00 44.00 45.14

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

43.98 42.99 42.00 43.18

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

38.36 35.30 34.58 36.22

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

31.83 30.85 30.00 31.24

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

27.00 26.00

Offered Sales % Nap Average Nap Group Avg.

28,762 100% 36.14

45.00 45.00 45.09

46.00

41.00 42.00 42.00 42.00 42.87 40.00 40.00

41.36 40.00

35.00 35.00 35.00 35.81 34.00

34.86 35.00

31.10 29.82 30.42 30.94 30.00

30.52 30.00

26.40

42.00 42.00 38.00 33.00 33.00 33.00 29.00 29.00 29.00

26.40 11,677 100% 35.32 35.87

1

44.40

2

44.81

1,787 100% 33.72

AUCTION REPORT

FEBRUARY 2017 Price breakdown US$ WHITE MINK FEMALE Offered

2,024

Sales %

100%

Top

39.00

Offered Sales % Top

Offered Sales %

33,299 99% 37.00

83,717 98%

Top

300.00

Offered

55,376

Sales % Top Offered Sales % Top

91% 28.00 174,416 96% 300.00

Size

Grades NAFA collection

0

XSO

SHORT 1X SSO

NAPS 1

SN

SMO

SMN

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

MEDIUM-LONG 4

3

MN

NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA

00

0

1

2

All Sizes

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg.

33.00

38.76 36.00

33.00 37.46

37.81

30.75

32.92 31.51

30.75

32.67 33.59

30.00 26.18

28.07 27.00

26.18

27.87 29.92

26.00 22.00

23.56 22.00

22.00

23.21 24.71

22.00 3,081 100% 26.69

10,717 100% 28.39 29.80

35.00 35.00

36.00 34.67 32.58 31.00 33.92

32.12

32.74 31.31 28.59 26.57 30.39

27.08

28.33 25.72 23.62 22.00 25.02

22.63

23.88 73,745 99% 30.15

26.69

35.00

33.36 31.36 30.00 32.12 30.02 29.78 27.83 26.68 25.00 27.08 25.74 25.71 23.18 22.23 21.00 22.63 22.26 21.82 48,875 100% 26.69

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

All grades & sizes

1 4

Clarity

All grades & sizes

27.11 27.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

24.14 23.14 22.00 23.42

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL

22.52 20.05 19.00 20.59

Offered Sales % Nap Average Nap Group Avg.

25,840 97% 22.54

23.00

20.38

27.11 24.06 24.06 23.43 21.00

21.78 20.95 18.00 9,920 63% 22.37 22.49

26.27 20.00

20.00 20.00

21.78

27.65

2 3

5 LN

28.00 26.79

1

Colour

MLN

2017-02-16

2,238 9% 20.00


15

NAFA's February 2017 Top Lots

The Top Lot of Black NAFA — Male was purchased by AIFEIMI FUR, of Tong'erpu, China. Produced by Zimbal Mink.

The Top Lot of Violet Mink — Male was purchased by Deelezar, of Liaoning, China. Produced by Zimbal Mink.

The Top Lot of Black NAFA — Female was purchased by BEI’AN CITY MILAN FUR, of Heilongjiang Province, China. Produced by Zimbal Mink.

The Top Lot of Violet Mink — Female was purchased by DS Kim for Ds FURS, of Seoul, Korea. Produced by Zimbal Mink.

The Top Lot of Mahogany Mink — Female was purchased by Hurwitz Exports, Ltd. for MELE 1880, of Napoli, Italia. Produced by Zimbal Mink.

The Top Lot of White Mink — Male was purchased by Georgios Salagiannis for EGO, of Kastoria, Greece. Produced by Zimbal Mink.

The Top Lot of Pastel Mink — Male was purchased by Liaoyang City Ouyasaidi Fur Co., Ltd. for TEP. Fur, of Liaoyang City, China. Produced by Springbrook-Labonte.

The Top Lot of White Mink — Female was purchased by Dengta City Xuanming Garment Factory for Aifusenxue Furs, of China. Produced by Zimbal Mink.

15


2017 AUCTION SCHEDULE FEBRUARY 9 - 13, 2017 (On Show February 4, 2017)

MAY 8 - 14, 2017 (On Show May 3, 2017)

JULY 6 - 10, 2017

NAFA Canada HQ 65 Skyway Avenue Toronto, ON M9W 6C7 T: 416-675-9320 F: 416-675-6865

NAFA The Netherlands Sprokkelveld 5-6596 DH Milsbeek, The Netherlands T: +31 485-514403 F: +31 485-518833

NAFA Canada West 567 Henry Ave Winnipeg, MB R3A 0T8 T: 204-774-1705 F: 204-943-2941

NAFA Poland ul. Granitowa 10 Ĺ ozienica 72-100 Gm. Goleniow, Poland T: +48 91 350 9520 F: +48 91 350 9539

NAFA USA 205 Industrial Circle Stoughton, WI 53589 T: 608-205-9200 F: 608-205-9210

www.nafa.ca

Designed by: Michael Kors Collection

(On Show July 1, 2017)


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