NAFA NEWS May 2017

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NAFA NEWS AUCTION EDITION May 2017

IN THIS ISSUE: · President's Message · NAFA Announces Strategic Alliance with FURCHINA · Upcoming Calendar of Events · Auction Results · May Top Lots · 2018 Auction Dates 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,

We have just finished our May 2017 sale, in which we were able to sell 83% of our ranch fur offering, achieving levels higher than most buyers expected despite a down trending market that started to show itself at international mink and sable auctions in April.

We pushed very hard on every single lot we sold, and given the circumstances, achieved the very best that was possible. Each day saw a full auction room represented by all international markets, demonstrating the success of the ongoing work that NAFA’s marketing department continues to put into buyer solicitation.

As I said in my last message, we are confident that we are moving in the right direction not only by promoting in new markets, but in continuing to show our support of traditional ones. Since our February sale, thirteen NAFA experts from various departments took part in an extensive buyer solicitation campaign throughout China, Russia and Greece that when combined, collectively totaled 104 days of outreach activity. From direct customer visits, to buyer workshops, to participation in new and traditional trade shows, the months of March and April were packed with promotional activities that resulted in filling up our auction room. In addition, our mink samples in remote buying rooms throughout China also played an important role to bring in bids from buyers who were not personally at the auction. However, we fully recognize that these prices are not yet where we need them to be. With 13 million mink left to sell over the next six weeks, market challenges are still ahead of us. I’m very proud of our entire staff for their professional performance again this sale. No matter what is going on in the market, NAFA has always had a reputation for providing the highest level of service and achieving the strongest results for our consignors. We are reloading for the July sale where we will again offer over 3 million mink, and we will continue to keep you updated on our activities as they progress. Sincerely,

Michael D. Mengar

2

President and CEO


3

NAFA Announces Strategic Alliance with FURCHINA

On May 10, 2017, North American Fur Auctions Inc. announced the establishment of a strategic framework alliance agreement with online fur auction company FURCHINA.

Developed in 2013 and headquartered in Yuyao, Zhejiang province, FURCHINA is the market leader in fur auction trading in China, with over 20,000 registered buyers. The business model includes two components: online auction sales and offline auction services, including a physical auction facility where buyers can inspect the fur assortments prior to the online sales. This alliance agreement will not impact or alter NAFA’s current auction system or means of doing business, but represents an exciting enhancement to NAFA’s ability to penetrate the Chinese market. Not only will it allow for NAFA products to have greater exposure in China, it will also help to increase knowledge of NAFA’s grading lines, and allow our shippers to benefit from the first commercially and technologically sound Internet-based fur marketing platform.

The final details of NAFA and FURCHINA’s strategic partner agreement will be negotiated by the parties over the coming weeks and is expected to include a wide range of business initiatives, covering both online and offline auction house services. These details, along with the completion of the final strategic alliance agreement will be announced once they are completed. Visit www.nafa.ca for regular updates. To view the full press release about this announcement, visit: www.nafa.ca/north-american-furauctions-announces-strategic-alliance-furchina/

NAFA’S UPCOMING CALENDAR OF EVENTS

For more details on these events as they happen, visit www.nafa.ca

· Canada Hockey Day, Astana - May 20-21 · Le Show International Fur and Leather Fashion Trade Fair, Moscow - May 29-31 · Russia Media Day - June 1 · Fur Institute of Canada (FIC) AGM - June 15 - 17 · Fur Industries of North America (FINA) AGM - June 19 · Fur Information Council of America (FICA) AGM - June 20 · NAFA Auction: July 6 - 10, 2017 (On Show July 1).

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May 2017 Auction Results MAY 2017 AUCTION REPORT

Price breakdown US$

BLACK MINK MALE Offered

1,746

Sales %

100%

Top

70.00

Offered

25,750

Sales %

100%

Top

70.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

93,260 98% 1,000.00

101,567 93% 59.00

49,897 91% 52.00

14,066 92% 38.00 286,286 95% 1,000.00

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.

0

XSO

SHORT 1X SSO

66.91 51.00

NAPS 1

SN

69.47 56.48 66.91

SMN

58.00

58.00

56.00 52.00

55.84

54.41 50.00

63.62

65.97 54.20

66.49 54.22

53.85

54.21 45.58

63.62

61.47 63.16

63.32

53.85

51.43

49.57

47.00

53.31

59.76 49.22

61.31 51.42

51.40

49.50 42.42

53.31

56.37 59.01

59.42

51.40

47.19

44.79

43.00

46.83

52.38 43.83

55.78 45.50

45.25

46.83

50.74 52.93

53.62

45.25

55.06

52.17

46.56

39.57 44.73 34.24

45.71 36.39

35.83

35.37

43.70 43.39

43.64

35.83

32.00

29.00

35.51 28.00

36.00 29.54

28.00

29.00

34.13 33.43

33.31

28.00

26.00

26.00

6,528 92% 46.11

29,628 98% 50.16 54.73

157,770 96% 55.86

BLK

47.44 44.26

43.19 39.34 44.24 38.82

42.93

36.73

30.61

30.32

47.86

41.43

35.37

37.12

51.93

47.52

40.35

42.58 37.67 34.80 34.78 31.97

33.97

29.51

33.65 29.41 28.76 27.81 25.64

27.01

26.87

25.00

25.51 25.36

10,010 100% 46.28

47,419 91% 42.51

43.08

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

44.77 43.52 44.16

MEDIUM-LONG 4 MLN

5 LN

40.00 40.00 43.86

41.00 41.06 39.19

38.51 36.00

40.25

37.48 39.35

37.07

33.00

36.64 34.09

33.69 30.49

35.75

32.06 34.68

31.77

31.00

29.15 27.44

28.49 25.67

28.66

26.97 28.13

26.91

25.68

25.50 23.27

23.62 20.34

24.91

21.42 23.13

22.00

20.38

25,516 95% 34.33

8,955 96% 29.75 32.97

35.00 35.00

30.00

460 100% 35.00

58.97

XXD

MAY 2017

All grades & sizes

SMO

56.93

AUCTION REPORT Colour

SHORT-MEDIUM 2X 2

XD

DK

Clarity

48.57

All grades & sizes

43.53

44.95

Price breakdown US$ BLACK MINK FEMALE Offered

1,519

Sales %

95%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

47.00

37,636 99% 48.00

120,600 95% 960.00

114,986 88% 40.00

33,475 74% 33.00 308,216 90% 960.00

Grades

Size

NAFA collection

0

XSO

All grades & sizes

4

SSO

NAPS 1

SN

SHORT-MEDIUM 2X 2

SMO

SMN

NAPS

Grades 5-star collection

3

MN

Black NAFA 34.00 46.21 35.00 5 star Silver 35.56 4 star Bronze 3 star 34.00 43.86 35.00 Nap Average 00 Nap Average Nap Group Avg. Nap Group Avg. 43.25 35.00 VSL+ 36.55 33.00 VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL 30.00 VSL Black NAFA Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

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.

28.57

37.81 30.17

28.57

35.24 40.89

XXD XD DK

46.02 33.66 23.00 41.98 34.26

31.50 31.50

28.51

29.00

25.75

33.31 27.23

42.68 30.35

25.60

25.75

32.49 39.16

40.08

25.60

25.81

24.66

22.58

31.86 22.56

22.58

30.95 33.02

21.00

20.00

28.80 36.13 25.79 19.00 33.85 23.63

28.42

29.06 24.62 23.75

27.44

26.45

19.71

20.53

175,340 96% 37.71

32.11 23.59

22.42

26.12

33,639 82% 31.37 36.59

29.48 26.00

28.42 19.65

24.64 25.77 5,537 93% 24.96

29.51

22.42

20.53

18.40

30.00

25.11

27.40 19.25

18.00

32.41 26.73

29.52

25.73 18.23

17.50

BLK

Colour

SHORT 1X

20.63

19.95 19.76 21.97 17.52 15.50 20.64

16.41

16.35 16.23

13,129 98% 24.71

46,659 84% 27.43

26.91

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

26.73 25.00 22.00 25.14

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

25.59 22.00

23.13

23.86 20.88

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

20.23 17.79 15.00 18.86

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

17.00

Offered Sales % Nap Average Nap Group Avg.

16.91

17.00

MEDIUM-LONG 4 MLN

5 LN 2017-05-18

21.00 21.00 21.00 24.17 19.50

23.86 18.50 15.92

13.25

15.92 18.24

13.25

15.00 13.70 13.70 15.98

14.81

13.79

22,662 94% 20.52

10,850 43% 15.92 19.75

400 100% 13.25

40.43 30.40 31.13 27.61

Clarity

All grades & sizes

4


MAY 2017 Price breakdown US$ MAHOGANY MINK MALE Offered

3,293

Sales %

100%

Top

60.00

Offered

29,119

Sales %

100%

Top

58.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

66,808 99% 55.00

72,828 91% 48.00

35,513 96% 38.00

Offered

13,398

Sales %

100%

Top

30.00

Offered Sales % Top

220,959 96% 60.00

Grades

Size

NAFA collection

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

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

1

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

59.00

59.00

NAPS 1

SN

57.70

58.73 54.00

57.70 57.57

57.48

55.00

51.29

49.00

51.83

53.51 47.00

50.17

49.64

50.00

55.01 49.00

54.69 48.86

46.69 45.88

47.77 44.45

52.00

54.14 52.85

52.61

46.29

45.91

47.69

48.55

48.00

51.56 43.61

48.00

49.93 49.39

48.08

46.08

44.02

44.57 44.58

51.81 44.45

41.82 41.28

43.60 40.15

49.35

41.57

45.00

41.98

42.25

43.00

44.00

39.09

39.74 38.93

39.58

42.90 38.64

43.70 37.14

36.94 35.66

38.06 33.59

39.58

42.13 41.29

41.22

36.46

39.65

38.52

38.00

33.68

35.00 32.00

36.89 29.75

29.02

33.68

33.70 32.79

32.54

29.02

31.00

30.00

27.00 27.00

27.68

4,683 100% 43.29

8,449 100% 48.16 46.44

32.00

27.73

24.56

48,451 98% 46.30

36.78 34.00 34.56 30.23 28.00

29.39

27.10 24.56

27.00

36.65

33.81

29.26 25.80

29.56 27.00 27.24 25.03 24.53

24.73

24.79

23.49

23.00 23.00

23,866 100% 39.42

31,062 95% 38.56

38.90

43.52

XD

37.05

DK

36.74

MAY 2017 MED

5-star collection

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

MEDIUM-LONG 4

3

MN

MLN

51.00 47.39

Clarity

47.00 47.78

49.00 48.00

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

46.82 44.53 42.00 45.30

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

40.02 39.01 34.00 39.29

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

33.64 32.38 32.00 32.88

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

27.03 25.28 23.00 25.97

23.50

22.23

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

24.00 21.77

20.00 20.91

18.44

22.56

20.57 21.12

Offered Sales % Nap Average Nap Group Avg.

44.00 42.67 43.05 44.23

45.49 43.57

38.00 36.92

41.26

39.69 36.42 35.86

37.46 38.30

36.13

36.68

35.46

31.52 30.45

28.74 28.34 24.00 28.26

30.24

28.87

24.90 24.40

23.77 22.63 20.51 22.75

24.67 24.92

25.30 24.51

22.00 20.48 58,272 96% 33.75

41.34 41.34

38.19 36.80

31.01 31.59

32.29 30.53

18.44

19.40

18.56

32,918 88% 31.67 32.22

13,258 99% 27.96

47.50

3

All grades & sizes

5 LN

47.00

48.05

2

AUCTION REPORT

All grades & sizes

SMN

49.00 49.00

52.00

XXD

Colour

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

36.79

35.02

Price breakdown US$ MAHOGANY MINK FEMALE Offered

3,668

Sales %

100%

Top

40.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

34,326 95% 38.00

82,111 84% 36.00

70,314 78% 29.00

29,149 70% 22.00 219,568 82% 40.00

Grades

Size

NAFA collection

SHORT 1X

0

XSO

SSO

All grades & sizes

1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

MEDIUM-LONG 4

3

MN

Gold 34.67 37.37 32.96 33.04 5 star 28.00 Silver 34.57 4 star Bronze 3 star 34.67 36.65 32.96 33.04 Nap Average 28.00 00 Nap Average Nap Group Avg. Nap Group Avg. 36.43 33.00 NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON30.00 | 416-675-9320 | WWW.NAFA.CA VSL+ 33.02 VSL+ VSL 32.00 31.00 31.39 VSL 25.00 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

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

3

All Sizes

Offered Sales % Nap Average Nap Group Avg.

31.53

32.35 30.00

35.32 31.02

29.55 25.00

31.53

32.15 33.59

33.88

27.03

XD DK MED

31.79

27.23

28.55 26.66 22.00 27.37

28.55

30.00

26.00

26.00 26.41

26.38

28.10 25.48

33.28 27.36

24.01 22.94

26.67 23.55

26.38

27.07 30.76

31.75

23.48

25.51

24.00

25.71

22.00

22.96 21.46

22.00

22.33 24.04

27.57

24.80

22.62

23.73 22.00

26.06 20.88

20.25 19.00

21.35 19.58

24.69

19.67

20.72

20.00

20.41

18.89

17.50

18.50

20.89 17.33

17.03 16.34

18.38 16.21

17.50

18.50 19.18

19.34

16.76

16.50 3,497 100% 26.48

9,400 82% 26.10 29.31

23.60

20.45

19.36 17.77

XXD

Colour

NAPS

18.31 48,726 94% 30.04

23.39 20.58

17.52

15.24

16.24 15.21

18,628 93% 22.89

34,659 99% 23.25

26.60 21.77

17.32

23.13

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

24.57 23.74 19.00 23.84

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

21.52 19.60

15.53 14.72

Offered Sales % Nap Average Nap Group Avg.

17.64 17.64 20.20

All grades & sizes

3

17.00

16.00

15.71

13.76 11.50 13.37

15.71 16.28

17.47 16.26

14.60

15.17

14.19

14.00 13.83 51,557 95% 19.07

37,500 44% 18.23 18.32

2

Clarity

28.00

19.62

20.00 19.20

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

2017-05-18

21.86 23.20

20.58

17.24 16.66 14.00 16.92

5 LN

23.00 21.07

22.00 22.37

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

MLN

13.00 13.50 12.50 10.00 12.64

15,601 41% 12.99

27.66 22.07

5


MAY 2017 Price breakdown US$ DEMI BROWN MINK MALE Offered

4,599

Sales %

74%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

51.00

57,370 83% 51.00

119,617 82% 47.00

87,800 86% 40.00

28,119 86% 32.00 297,505 83% 51.00

Grades

Size

NAFA collection

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

5X0

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

4X0

0

XSO

50.00 50.08 49.33 46.69 46.00 47.70 47.39 48.00

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

0

Offered Sales % Nap Average Nap Group Avg.

All Sizes

281 100%

XXD XD DK MED PL XP XXP

Colour

All grades & sizes

47.32

NAPS 1

SN

SMO

51.00 51.00

50.05

51.00 48.56 43.39 46.73 44.98 43.13 40.91

43.59 42.88

42.34 41.00

SMN

50.05

49.05

51.00

45.51 45.54 42.00 45.48

44.73 42.80 44.83

43.69

43.70

43.14

39.92 39.86 38.00 39.89

39.42 37.76 38.00 38.78

39.28

38.12

36.87

38.22 37.22

37.36 35.07

34.83 33.53

34.09 32.90

37.98 37.31

36.76

34.76

33.63

36.00

34.11

31.72

30.42

31.72 30.65

31.84

29.28

28.60 26.03

31.35 31.51

31.84

29.28

27.51

31,404 57% 43.98 42.98

23,189 94% 41.76

36.89 36.99 37.54 36.82 36.11 33.98 35.19

28.07

26.42

26.26

66,486 65% 39.88

60,689 91% 36.62

38.19

NAPS

Grades

SHORT-MEDIUM 2X 2 51.00 50.00

44.65 41.33

40.00

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

00

SSO

50.00

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

000

SHORT 1X

5-star collection

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

MEDIUM-LONG 4

3

MN

MLN

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

44.27 42.85 39.49 43.33 41.61

40.65

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

38.25 37.00 35.00 37.54

37.52 36.19

36.05

35.74

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

32.51 31.40 28.47 31.99

30.45 29.76

29.73

29.24

28.29

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

27.07 26.05

25.82

25.00 24.00 24.85

Offered Sales % Nap Average Nap Group Avg.

43.10 42.36 42.58 42.94

36.65 37.12

30.06 30.85

26.59

25.82 26.13

38.60 35.75 32.00 35.52 33.25 28.66 28.00 28.48

25.82

25.00

24.01

27,565 89% 33.12 34.17

23,075 94% 30.92

38.15

3

All grades & sizes

42.00 40.00 40.54

64,816 98% 35.27

2

Clarity

5 LN

36.80

4

35.35

AUCTION REPORT

MAY 2017

Price breakdown US$ DEMI BROWN MINK FEMALE Offered

2,608

Sales %

93%

Top

33.00

Grades

Size

NAFA collection

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

00

0

XSO

SHORT 1X SSO

NAPS 1

SN

SMO

SMN

31.26

32.00 32.00 32.00

31.26

32.65

29.82

31.26 28.44

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

2017-05-18

NORTH AMERICAN FUR AUCTIONS |31.88 65 SKYWAY AVE, TORONTO, ON27.40 | 416-675-9320 | WWW.NAFA.CA Gold 32.42 27.21 5 star 25.36 Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

90% 33.00

100,034 87% 29.00

56,738 73% 21.00

Offered

9,002

Sales %

100%

Top

15.50

Offered Sales % Top

Colour

All grades & sizes

6

67,198

235,580 85% 33.00

Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

1

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

2

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

3

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XXD XD DK MED PL XP XXP

28.09

28.73

30.23 30.50

31.20

28.05

25.00

27.21

27.03

26.91

24.85

23.57 23.97 22.00

26.80 23.38

26.63 25.57

24.60 22.19

25.97 26.20

26.52

23.99 20.51

19.87

20.59 19.56

17.50

18.43 17.16

20.33

17.50

23.58 19.00 19.00 20.13 18.30

23.72

17.95

16.61

23.55

18.00 16.22 15.09

15.09

15.09 13.50

20,664 78% 28.23 27.47 22.18 21.73 21.72 21.02 20.91 18.51 20.10

18,367 99% 26.34

27,213 80% 24.81

23.72

53,212 95% 23.20

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.

All grades & sizes

3 4

23.00 22.29

22.23

23.80

22.32 23.18

21.31

21.00

22.73 21.10

19.90 18.00

22.06

19.00 21.34

20.80 19.74 20.41 19.13 17.00 17.00

18.68

17.85

17.23

17.88 16.62

16.27 16.15

15.50

17.29

16.16 16.65

15.50

16.46

15.43

14.81

14.50 13.88

13.88 13.50

12.50

14.38

13.75 13.99

12.50

36,259 52% 17.78 19.81

20,904 87% 16.77

13.22 58,961 97% 20.92

2

Clarity

5 LN

23.86 20.11 22.01


MAY 2017 Price breakdown US$ Grades

PALOMINO MINK Size MALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

16,491 46% 48.00

38,157 82% 47.00

23,914 72% 42.00

Offered

7,728

Sales %

90%

Top

Offered

31.00

820

Sales %

100%

Top

26.00

Offered Sales % Top

87,110 73% 48.00

NAFA collection

4X0

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

000

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

00

SHORT 1X

0

XSO

SSO

1

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

44.00 46.36

47.00 46.37

46.28

45.00

SMO

SMN

46.20 44.82

45.42

47.63

45.42 45.07

43.25 42.73

41.33 40.70

43.00

42.60 42.91

43.08

41.05

41.09

41.05

41.41

39.85

35.00

36.35

39.50 37.59

36.09 35.31

35.00

36.35 36.92

38.24

35.72

34.84

30.00

35.72

34.81

32.79

30.00

30.70 29.65

30.00

30.36

30.36

29.52

27.43 26.00

26.00

26.00 23.00

657 100% 39.41

12,156 72% 41.13 42.02

34,531 47% 42.73

39.09

17,551 91% 39.09

39.15

XD

Colour

SN

47.00

38.67

PL

35.31

XP

35.74

XXP

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

MEDIUM-LONG 4

3

MN

MLN

43.00 41.66 42.00

40.88

41.00 36.83

34.91 34.67 34.79

36.83 36.52

38.00

34.41

33.07

32.19

30.60 29.84 30.28

33.44 32.93 33.23

32.19 31.28

32.55

30.72

29.01

26.39

25.17 24.49 24.93

28.00 28.00

26.39 25.61

27.48

25.00

23.48

4,397 98% 37.31

4,328 100% 31.77 32.76

13,490 100% 31.22

20.00

45.00 41.68

3

All grades & sizes

39.00 39.00

39.10

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

5 LN

38.22

39.75 38.66

2

Clarity

37.65

MED

5-star collection

1

40.58

DK

NAPS

Grades

SHORT-MEDIUM 2X 2

42.79 42.03

XXD

All grades & sizes

1

43.00

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

0

NAPS

36.36

4

39.06

37.04

AUCTION REPORT

MAY 2017

Price breakdown US$ Grades

PALOMINO MINK Size FEMALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

23,803 86% 37.00

38,906 82% 32.00

15,006 93% 22.00

3,093 98% 17.00 80,808 86% 37.00

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 28.38 29.88 27.00 5 star 24.51 Silver 27.00 28.22 25.73 4 star 23.00 Bronze 3 star 28.26 29.41 26.41 Nap Average 23.54 0 Nap Average Nap Group Avg. Nap Group Avg. 29.14 26.41 VSL+ 28.91 VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL 27.16 25.49 VSL 23.00 Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

1

2

3

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD DK

MED PL

XP

XXP

23.49 22.73

25.61 24.48

23.00 21.43

23.36 24.95

25.35

22.22

22.76

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

XXD

Colour

SHORT 1X

0

22.22

24.28

21.44

20.00 19.50

20.07 19.84

19.02 17.79

19.70 19.93

19.98

18.36

18.36

18.66

17.85 16.70

16.70 10,783 81% 25.00 25.77

21.90 23.98

22.73

23.53

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

16.70

34,112 81% 25.97

22.88

21.31

21.71

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

14,408 91% 22.88

Offered Sales % Nap Average Nap Group Avg.

20.16

All grades & sizes

20.69 20.00 20.52 19.33

19.44

19.27 16.82 18.88 17.64

18.03 17.94 16.29

18.18

15.57 14.26 15.31 14.83 14.22

14.22

14.22

12.50

13.20

8,085 99% 19.97

13,420 89% 17.34

18.39 28.50

2 3

22.00

19.94

17.99

5 LN 2017-05-18

20.67 19.75

1

Clarity

MLN

25.02 20.96

22.67

7


MAY 2017 Price breakdown US$ PASTEL MINK MALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

11,843 84% 63.00

39,193 86% 59.00

39,822 90% 230.00

21,288 79% 51.00

Offered

5,845

Sales %

67%

Top

Offered Sales % Top Offered Sales % Top

36.00

1,014 64% 25.00 119,005 85% 230.00

Grades

Size

NAFA collection

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

5X0

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

4X0

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

000

SHORT 1X

0

XSO

SSO

48.00

48.00

57.97

50.00

1

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

58.31 53.34

50.77 54.29

54.59

49.34

49.21

51.00

49.00

53.71 46.00

56.98 47.14

44.88

49.00

51.22 52.90

53.08

44.88

44.00

48.00

39.07

44.98 44.18

44.09

39.07

34.47

2,157 100% 49.83 52.91

51.03 52.00 49.00 52.84 49.09

50.09

50.39 50.55 44.43 46.61 45.62

45.71

40.94

49.04 41.46

37.00

52.96

46.32

47.00 41.00

42.00

1,501 100% 49.87

45.71

50.87 52.00

50.30

51.13

45.94 45.28 40.79 44.33 40.60

40.94

35.54

41.44 39.35 34.69

35.38 33.00

34.15

34.47

34.15

56,021 83% 53.14

34.15

6,500 100% 47.48

46.73

MED XP

MAY 2017 3XP

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

31.00 29.02

25.00

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

22,251 90% 46.46

Offered Sales % Nap Average Nap Group Avg.

3

MN

MLN

49.76 47.72

48.00

48.33

46.07

46.73 44.81 43.00

46.21

43.90 45.82

44.56

39.33

43.57 40.86

41.18 37.68

42.25

39.23 41.49

39.80

36.70

40.20 32.92

35.42 33.72

37.62

34.78 36.46

31.00

30.00

36.00 27.26

26.00

30.85

26.00 30.14

24.50

25.51 24.00

21.00 21.00

24.00 22.49

22,161 79% 41.34

8,414 79% 37.16 40.20

21.00

57.60 51.86

3

All grades & sizes

44.00

36.00

5 LN

48.00 48.29

47.50 45.00

2

Clarity

48.66

XXP

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

MEDIUM-LONG 4

1

45.79

PL

5-star collection

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

43.11

AUCTION REPORT

All grades & sizes

54.47

49.34

49.93

SMN

54.47

56.64 52.02

DK

Colour

SMO

51.84 49.00

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

0

1

SN

60.00 56.16

NAPS

Grades

SHORT-MEDIUM 2X 2

51.13

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

00

NAPS

46.09

4

37.51

Price breakdown US$ PASTEL MINK FEMALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

94% 55.00

38,562 90% 270.00

49,653 81% 47.00

22,991 70% 31.00

Offered

5,589

Sales %

92%

Top Offered Sales % Top

Colour

All grades & sizes

8

12,147

20.00 128,942 84% 270.00

Grades

Size

NAFA collection

0

XSO

SHORT 1X SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

3

MN

Gold 33.00 45.63 33.21 5 star Silver 36.26 31.52 4 star 27.12 Bronze 3 star 33.00 41.20 33.21 31.52 Nap Average 27.12 00 Nap Average Nap Group Avg. Nap Group Avg. 40.96 32.14 VSL+ 32.38 VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL 34.00 31.93 30.06 VSL 27.77 Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

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

1

29.00

29.19 29.00

42.67 31.91

30.39

29.00

29.15 38.02

38.42

30.39

3

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD DK MED PL XP XXP

30.21

30.15

30.00

28.00

30.35

27.61

25.00

30.00 26.00

38.47 25.41

25.29

24.36 24.49

25.00

28.52 31.64

31.83

25.29

25.00

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

2

30.66

31.19 28.22

26.00

27.33

24.55

25.00

30.42 21.33

21.00

25.00 22.10

21.99

21.00

23.00

17.50

20.00

24.52

24.43 23.00 23.83 24.36 22.71

23.48

19.50

23.65 20.00

17.50

17.54 17.16

17.50

17.37

17.37

15.55 1,170 100% 28.65

21.20 24.51 25.31 27.72 26.00

1,559 100% 28.39 34.30

61,989 80% 34.56

4,964 100% 29.00

26.13

27,252 71% 25.62

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.

Clarity

All grades & sizes

23.00 23.00 26.28 22.00 23.00 22.00

24.63

22.53 24.00

24.39

21.39

21.91 20.50

19.00 18.66

20.91

18.88 20.41

19.93

18.50

18.67 17.33

16.96 16.44

17.73

16.79 17.50

16.03

15.49

15.20 14.63 14.90

14.40 14.40 14.73

15.74

13.24

23,183 98% 20.08

8,825 100% 18.39 19.63 39.09

2

37.19

3 4

MLN

25.82 23.82

1 34.65

MEDIUM-LONG 4

25.93 20.31

5 LN 2017-05-18


MAY 2017 Price breakdown US$ Grades

SAPPHIRE MINK Size MALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

3,379 88% 68.00

8,302 82% 63.00

6,973 43% 57.00

3,039 39% 44.00

Offered

991

Sales %

31%

Top Offered Sales % Top

37.00 22,684 63% 68.00

NAFA collection

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

4X0

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

000

00

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

0

XSO

1

SN

64.00 55.00

66.99 58.58

59.55 63.99

65.21

54.44

61.74 55.39

57.00

57.43 60.11

61.00

42.55

48.92

49.00

50.05 46.00

55.63 49.12

49.00

48.75 52.17

54.64

SMN

58.05 57.37

57.71

57.71 54.00 57.72 55.12

56.84

53.05

56.84

53.00

53.00

53.00

45.00 38.00 38.00 40.15

43.61

43.00

43.61

43.00

43.00

34.00 37.00

37.00 387 100% 54.70

6,025 75% 52.54 57.75

6,583 96% 59.92

MED

5,770 45% 53.89

Clarity

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

MEDIUM-LONG 4

3

MN

MLN

58.04

5 LN

55.00 55.00

55.00

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

28.00

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

25.00 2,241 4% 55.00

1,678 21% 55.00 60.76

2

All grades & sizes

59.07

PL

53.89

37.00

5-star collection

1

52.12 48.14

XP

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

57.00

59.04 54.56

DK

All grades & sizes

SSO

NAPS

57.00

XD

Colour

SHORT 1X

53.94

3

46.00

42.00

AUCTION REPORT

MAY 2017

Price breakdown US$ Grades

SAPPHIRE MINK Size FEMALE Offered

4,279

Sales %

67%

Top

Offered Sales % Top

54.00

11,129 78% 52.00

Offered

7,448

Sales %

52%

Top

42.00

Offered

3,550

Sales %

64%

Top Offered Sales % Top

Colour

All grades & sizes

27.00 26,406 67% 54.00

NAFA collection

0

XSO

SHORT 1X SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

3

MN

Gold 48.72 5 star 27.00 Silver 35.00 4 star Bronze 3 star 48.72 35.00 Nap Average 27.00 0 Nap Average Nap Group Avg. Nap Group Avg. 48.72 35.00 VSL+ VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL VSL 27.00 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

47.05 38.12 46.19

46.19

33.74

26.02

33.74 28.00

37.73

37.73

30.87

37.73

30.87

30.87

22.00

24.00 26.67 19.00 24.10

867 82% 45.62

45.75 33.53

14,515 66% 45.62

132 0% 29.48

24.10

6,709 52% 29.48

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

26.02 23.00

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

21.56 20.00

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

24.78

Clarity

All grades & sizes

2

MLN

5 LN 2017-05-18

27.00

24.78

23.94 20.00

20.80

20.00 20.64

19.07

18.50

19.62 17.75 18.86

19.00 19.00 18.88

16.68

17.80

3,303 93% 21.43

880 100% 19.67 21.18

1

31.17 29.07

MED PL

34.42 32.05

MEDIUM-LONG 4

48.14 31.69

9


MAY 2017 Price breakdown US$ SILVERBLUE MINK MALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

7,125 53% 59.00

28,716 53% 59.00

43,591 69% 51.00

26,579 78% 48.00

Offered

5,177

Sales %

100%

Top

36.00

Offered Sales % Top

111,188 67% 59.00

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.

XXD

0

XSO

1

SN

SMO

SMN

57.90 57.16 57.21 53.18

52.27 49.84

59.00 59.00

59.00

50.60

50.60 49.99

49.74 49.74 48.84

46.00

46.89 44.38

46.00

45.58

45.58

43.62

43.50

43.50

39.70 36.30

43.50

38.50

38.50

35.90 34.25

34.25

30.71 30.00

34.25

30.51

30.51 29.70

2,750 9% 49.74 43.93

23,696 11% 42.97

45.93

42,846 82% 45.93

44.92

PL

XXP

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

MEDIUM-LONG 4

3

MN

MLN

47.81 46.66

45.00 44.58

47.12

44.68 46.23

45.96

43.69

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

41.59 40.22 39.00 40.89

39.00 38.74

40.16

38.00

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

35.76 35.10

33.08 33.59

35.52

33.38 34.58

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

38.52

47.63

5 LN

50.00

38.77 40.19

41.00 41.00 40.76 38.00 38.00 38.00 36.55 31.63 32.00 31.73

34.32

32.93

30.91

31.40 29.00

29.00 28.05

28.00

31.04

28.49 29.42

28.00

29.00

29.51

26.37

20,590 95% 39.93

10,269 80% 35.38 38.35

11,037 83% 35.29

45.12

3

All grades & sizes

41.83

XP

5-star collection

2

Clarity

38.81

MED

NAPS

Grades

SHORT-MEDIUM 2X 2

57.21

36.30

DK

All grades & sizes

SSO

NAPS

33.40

XD

Colour

SHORT 1X

38.59

4

40.67

AUCTION REPORT

MAY 2017

Price breakdown US$ SILVERBLUE MINK FEMALE Offered

2,352

Sales %

90%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

35.00

28,315 74% 32.00

45,263 84% 31.00

20,781 89% 22.00 96,711 83% 35.00

Grades

Size

NAFA collection

Colour

0

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

1

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

2

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD DK MED PL XP

1 0

XSO

SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

MEDIUM-LONG 4

3

MN

Gold 5 star Silver 32.00 4 star Bronze 3 star 32.00 Nap Average 00 Nap Average Nap Group Avg. Nap Group Avg. 32.00 VSL+ VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL 31.56 VSL

XXD

All grades & sizes

SHORT 1X

0

32.00

30.00 31.00

32.00 30.65

30.41

28.39 26.02 27.40

27.40 26.59

28.39

28.39

26.35 23.21

28.39

25.49

25.49

22.25 21.00

21.00

19.80 18.12

21.00

19.43

19.43 17.79

155 100% 32.00 28.15

19,643 66% 28.01

25.05

18.86

37,663 86% 25.05

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. 1

21.38

Clarity

22.31

All grades & sizes

26.04 23.46 31.00

5 LN 2017-05-18

26.27 24.30

25.53 23.31

25.48

23.89 25.03

24.13

23.37

23.52 21.74

21.11 20.32

22.89

20.61 21.99

21.58

20.40

18.61 17.95

17.50 17.28

18.39

17.38 17.90

21.79 20.40 18.04 19.23 19.50 17.00 16.50 16.84

17.72

17.20

16.52

18,483 97% 22.36

10,232 82% 20.26 21.46

10,535 78% 18.12

20.00

2 3

MLN

25.44 21.27


MAY 2017 Price breakdown US$ BLUE IRIS MINK MALE Offered

243

Sales %

100%

Top

78.00

Offered

2,639

Sales %

100%

Top

70.00

Offered Sales % Top

6,741 90% 65.00

Offered

2,845

Sales %

100%

Top

58.00

Offered

884

Sales %

100%

Top

52.00

Offered Sales % Top

13,352 95% 78.00

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

0

XSO

SSO

76.99

68.09

61.91

All Sizes

54.72

52.00

61.83

61.00

76.99

61.00

61.00

58.00

68.09

58.00

58.81

58.00 57.00 55.00

61.91

55.00

52.38

55.00 46.60 45.00

54.72

45.00

44.42

45.00 40.00 32.48

52.00

32.48

32.00

32.48 27.83

11,905 95% 61.83

47.15

1,190 96% 47.15

36.23

DK

Clarity

58.91

AUCTION REPORT PL

57.19

XXP

MAY 2017

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

MEDIUM-LONG 4

3

MN

MLN

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.

40.57 40.57

40.57

34.00 34.00

34.00

31.00 257 100% 38.29

38.29 51.80

35.74

X

28.00

5 LN

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

3

All grades & sizes

55.39

XP

5-star collection

2

56.38

MED

All grades & sizes

SMN

52.00

Offered Sales % Nap Average Nap Group Avg. XD

SMO

54.72

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

0

1

SN

76.99

NAPS

Grades

SHORT-MEDIUM 2X 2

61.91

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

00

NAPS

68.09

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

000

Colour

SHORT 1X

63.36

Price breakdown US$ BLUE IRIS MINK FEMALE Offered

335

Sales %

100%

Top

46.00

Offered Sales % Top

Offered Sales % Top

4,830 64% 42.00

13,651 81% 38.00

Offered

4,632

Sales %

89%

Top

Offered

33.00

637

Sales %

100%

Top

23.00

Offered Sales % Top

24,085 80% 46.00

Grades

Size

NAFA collection

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

00

All grades & sizes

0

XSO

SSO

46.00

NAPS 1

SN

46.00

SMO

SMN

46.00 37.00

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

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

1

37.02

37.02

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

2

30.69

26.92 24.75

37.02

25.20

26.55

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XD DK MED

24.39

30.69

25.00 21.41

30.69

22.09

22.09

21.38

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

3

25.20

17.50 17.00 22.44

22.44 148 100% 25.00

36.54

13,784 70% 36.81

24.45

23.17

22.44 15.50 9,712 92% 24.45

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

27.76 32.78

PL

31.02

XP

30.52

Clarity

All grades & sizes

17.00 17.00 16.63

17.00

5 star 4 star 3 star Nap Average Nap Group Avg. VSL+ VSL Offered Sales % Nap Average Nap Group Avg. 1

22.37

5 LN

2017-05-18

Gold 25.00 41.58 5 star Silver 30.58 4 star Bronze 3 star NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON30.58 | 416-675-9320 | WWW.NAFA.CA Nap Average 25.00 41.58 0 Nap Average Nap Group Avg. Nap Group Avg. 39.35 30.58 VSL+ 35.19 25.00 VSL+ VSL 23.00 VSL

XXD

Colour

SHORT 1X

2 3 X

441 100% 17.00

17.00

23.00 26.75 23.19 37.29

11


MAY 2017 Price breakdown US$ WHITE MINK MALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

1,800 32% 62.00

24,134 30% 55.00

50,190 61% 330.00

34,516 64% 44.00

11,364 85% 35.00 122,004 57% 330.00

Size

Grades 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

00

0

All Sizes

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

0

XSO

SSO

61.62

45.44

424 78%

1

SN

61.62

SMO

SMN

61.62

51.74 50.00

51.90 52.46

52.85

51.29

46.97 45.02

48.93 46.66

46.40 47.27

47.87

51.29

48.00

47.20

44.81

43.26

45.77 43.12 42.00 44.81 42.57

39.80 40.00

40.55 38.48

40.31 36.55

39.85 40.10

40.24

39.25

34.00

33.76 34.85

34.00 34.35

34.42

15,280 58% 45.19 45.43

39.25

38.00

35.55 31.82 30.59 31.53

33.00

31.53 30.00

55,417 32% 45.57

41.42

27,083 94% 41.42

NAPS

Grades

SHORT-MEDIUM 2X 2

53.05 51.16

38.46

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

NAPS

52.60 51.60

50.00

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

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

5-star collection

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

3

MN

Clarity

AUCTION REPORT

All grades & sizes

56.00

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

5 LN

56.00

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

44.55

42.00

44.55 43.03

42.00

43.00

40.00

42.64 41.00

42.00 40.45

41.87

40.86 41.67

40.00

40.00

40.00

39.00

36.69 35.78

36.00 34.06

36.29

34.64 35.85

35.00 35.00

40.00

34.00 34.00

32.00

32.00

31.36 31.00

28.80 27.63

26.00

31.22

28.19 29.92

30.00

26.00

14,917 75% 37.94

6,477 73% 34.73 37.14

26.00 26.00 26.00 2,406 77% 38.02

42.55

2

All grades & sizes

MLN

56.00

1

Colour

MEDIUM-LONG 4

40.61

3

43.75

MAY 2017

Price breakdown US$ WHITE MINK FEMALE Offered

928

Sales %

55%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

39.00

19,372 84% 36.00

47,846 83% 320.00

32,467 94% 24.00

19,231 79% 20.00 119,844 85% 320.00

Size

00

Grades NAFA collection

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

0

XSO

SHORT 1X SSO

38.00

NAPS 1

SN

38.00

SMO

SMN

38.00 34.00

31.00

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

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

3

MN

All grades & sizes

1 2

MLN

Gold 30.50 34.64 29.72 5 star 27.39 Silver 28.57 4 star 26.44 Bronze 3 star NORTH AMERICAN FUR AUCTIONS 30.50 | 65 SKYWAY AVE, TORONTO, ON29.30 | 416-675-9320 | WWW.NAFA.CA Nap Average 34.64 27.04 0 Nap Average Nap Group Avg. Nap Group Avg. 33.48 29.30 VSL+ 31.00 VSL+ VSL 30.00 27.06 VSL

1

2

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

25.53

25.74 25.00

28.58 26.68

27.26 24.98

25.53

25.69 27.61

28.14

26.36

26.00

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

3

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

26.36

27.74

23.83

21.43

22.16 21.23

20.82 20.16

21.43 21.80

21.86

20.58

19.19

20.58

22.00

19.77

19.43 18.50

18.20 17.27

19.19

18.00

18.00

17.00 316 100% 25.53

7,214 90% 27.01 28.31

42,427 75% 28.69

23.87

29,128 91% 23.87

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

2017-05-18

24.66 26.62 24.00

23.00

25.32 23.00

23.19

24.52 23.35

20.51

20.33

21.00

20.00

19.58 19.76

19.00 18.40

19.64

18.61 18.97

18.26

17.63

16.00

16.48 15.92

16.00

16.28 16.08

20.51

17.36 17.50 17.40 16.62 15.00 15.00

16.00

15.49

14.00

20,075 82% 21.34

13,243 99% 18.80 19.91

7,441 100% 17.30

24.60

2 3

25.00 24.00

5 LN

23.41 22.71

1

Colour

MEDIUM-LONG 4

23.13 19.06


13

NAFA's May 2017 Top Lots

The Top Lot of Black NAFA – Male was purchased by Georgios Salagiannis for EGO, of Kastoria, Greece for $1,000. Produced by Patrick Collection. The Top Lot of Black NAFA – Female was purchased by OTL Ltd. For Vogue Boat Fur Shop, of Qiqihar, Heilongjiang Province, China for $960. Produced by Dixon-Steinhardt.

The Top Lot of Lavender Mink – Male was purchased by Stuart Bewley of Polar Furs Ltd. for Haining City Nashi Fashion Co. Ltd., of Haining, China for $440. Produced by Pavek-Gamroth. The Top Lot of Lavender Mink – Female was purchased by Long Radiance Ltd. for Harbin Guifuren Fur Square, of Harbin, China for $440. Produced by Pavek-Gamroth.

The Top Lot of Pastel Mink – Male was purchased by Guangzhou Manali Apparel Trading Co. Ltd. for Tong’erpu Ou Ya Sheng Qi Fur Co., Ltd., Mr. Li Yan Qi, of Tong’erpu, China, for $230. Produced by Unicorn. The Top Lot of Pastel Mink - Female was purchased by Guangzhou Manali Apparel Trading Co. Ltd. for Qiqi Fur, of Beijing, China, for $270. Produced by Unicorn.

The Top Lot of White Mink — Male was purchased by North Pole Fur Factory Ltd for Liaoning Jubaoyuan Co., Ltd (SSFZ), of Fuxin, China, for $330. Produced by Unicorn.

The Top Lot of White Mink — Female was purchased by Guangzhou Manali Apparel Trading Co. Ltd. for KC Fur, of Harbin, China for $320. Produced by Unicorn.

13


2018 AUCTION SCHEDULE FEBRUARY 26 - MARCH 2, 2018 (On Show February 21, 2018)

MAY 13 - 19, 2018

(On Show May 8, 2018)

JULY 6 - 10, 2018

(On Show July 1, 2018) 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


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