NAFA NEWS - July 2017

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NAFA NEWS AUCTION EDITION July 2017

IN THIS ISSUE: · President's Message · NAFA Around the World · Calendar of Events · Auction Results · NAFA Launches New Heritage Campaign · July 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,

We have just concluded our third and final sale of 2017, ending what was a difficult year across the board. As a bright spot, we were pleased to have been able to stop the slide of prices on Blacks and Mahoganies at our July sale, as well as to hold firm on Demi’s and Pastels, and to see some advances in the Whites. In addition, we were able to sell our Breeder and Section III catalogue at comparatively strong prices and 100% clearances to an energetic and full auction room.

Despite the year’s challenges overall, we’re very proud to have been able to consistently draw a large attendance from all major markets at each of our sales this year, and consequently we have sold 96% of our North American mink at competitive levels. Our marketing and buyer solicitation departments came through with a lot of great initiatives, from workshops for new buyers, to fur sample kits that we created for online buying rooms, well-received grading and cataloging revisions to improve buyer comprehension, to our participation in new and fashion-forward trade shows and events. It’s safe to say that throughout 2017, the NAFA marketing and promotions department made its way around the world like a well-oiled machine. Once again, I’m very proud of our entire staff for their professional performance during our July sale, and throughout the year. Our production teams worked tirelessly throughout all of our auctions, and as always, we continue to receive compliments from the trade regarding the high level of service we provide to all of our customers – both buyers and consignors.

With the close of one season, we are looking straight ahead to the next, which will be coming at a very quick turnaround. We have many new marketing and promotional initiatives coming this fall, including enhanced buyer workshops, as well as increased fashion trade events and brand and buyer outreach. In this issue, you’ll read about the 2017/2018 NAFA Heritage Designer Campaign that we just launched, which will be promoted in all key buying and retail markets. We will also announce additional details related to our cooperative agreement with FURCHINA going into the 2018 season. Throughout the course of the summer and fall we will continue to issue communications on these activities, as well as updates on how the market is progressing. We are also working very closely with our rancher associations to make adjustments to our assortment in order to better serve your requirements going forward. You will hear more about that from your Solicitors in the coming weeks.

2017 has been another tough year for all sectors and regions of the global fur market, and although we recognize that there are many challenges still in front of us, we will continue to use all of our resources to support the ongoing growth of the industry. We are hopeful that our customers around the world can sell the garments they are manufacturing now at volumes and margins that will be profitable for them, so they can return next season on stronger footing. I would like to thank all who participated in our July sale and 2017 season, and wish you a safe and healthy summer. Sincerely,

Michael D. Mengar

2

President and CEO


3

NAFA Around the World

NAFA continues to hold a steady presence at fur and fashion fairs around the world, promoting your product. Kicking off the year with the Beijing Fur Fair in January, we returned to established fairs such as Hong Kong, TheOneMilano (formerly MiFUR), and Fur Excellence in Athens, in addition to exhibiting at new international events such as CHIC Shanghai, Haining Fashion Week, and China (Yuyao) International Fur Exhibition. Stay tuned for updates on the marketing and promotional events we’re planning throughout the summer and fall.

China (Yuyao) International Fur Exhibition – July 2017

Haining Fashion Week – July 2017

CHIC Shanghai – March 2017

NAFA’S UPCOMING CALENDAR OF EVENTS

For more details on these events as they happen, visit www.nafa.ca • Nanjing Lukou Fur Fair: July 17-18

• Utah Summer School & North American Fur Conference: August 4 – 5 • Studio NAFA Workshop: August 14 – 18

• Chapeau and MosFur 2017: August 17-20

• Canada Mink Breeders (CMB) AGM: August 20-22

• NAFA Greece Trip (North American Ranchers): August 26 – September 2 • Herning Equipment Demonstration: September 8

• Nova Scotia Mink Producers Field Day: September 19 • Dutch Field Day: September 21

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July 2017 Auction Results JULY 2017 AUCTION REPORT

Price breakdown US$

BLACK MINK MALE Offered

2,473

Sales %

94%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

68.00

26,564 86% 67.00

76,393 77% 640.00

68,285 70% 55.00

31,101 43% 43.00

Offered

4,137

Sales %

35%

Top Offered Sales % Top

33.00 208,953 70% 640.00

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

1

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

NAPS 1

SN

60.19

66.18 53.10

60.19 61.92

62.58

55.00

SMN

57.00

48.00

57.00

55.00 65.25 50.26

52.00

58.43

57.53 60.46

62.39

52.00

42.00

50.44

51.08

55.76 47.99

51.08

53.82 53.33

38.62

46.52

35.68

51.61

46.00 47.14

46.00

47.00

44.02

57.68 45.84

48.00

47.16 40.33

52.86

48.00

41.98

45.91

42.54

39.52

39.78

51.81 43.95

50.71 40.13

43.00

42.86 34.93

50.88 49.11

47.71

43.00

38.08

41.52

31.00

49.22

48.00

45.34

59.63 51.94

41.00

38.27

36.00

34.61 35.00 28.54

42.46 32.00

41.55 33.00

34.83

41.65 39.94

35.11

34.83

35.00

33.69

31.89

61,686 92% 51.96 52.26

99,162 63% 52.53

2,722 95% 41.31

39.33

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

24.00

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

33.00 33.00 3,851 61% 53.60

5-star collection

28.00

29.96

34,942 50% 39.01

NAPS

Grades

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

33.00

Offered Sales % Nap Average Nap Group Avg.

3

MN

44.00 41.00 43.06

MEDIUM-LONG 4 MLN

5 LN

38.00 38.00 42.04

41.00 37.00 36.00

36.00 36.00

36.69

36.00 36.17

35.00 35.00

36.00 32.66 28.00 31.82

30.48 30.48 31.53

29.00 25.00 24.00 24.68

31.00 22.00 22.00 23.88

23.00 19.50 19.50

19.00 19.00 19.33

18.00 4,586 85% 32.10

1,544 65% 30.04 31.76

460 100% 35.00

56.68

AUCTION REPORT XXD

All grades & sizes

SMO

58.43

BLK

Colour

SHORT-MEDIUM 2X 2

Clarity

49.14

JULY 2017 XD

All grades & sizes

42.84

DK

45.63

Price breakdown US$ BLACK MINK FEMALE Offered

1,317

Sales %

90%

Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

44.00

24,772 80% 44.00

91,893 88% 520.00

80,608 86% 36.00

25,098 68% 31.00 223,688 84% 520.00

Grades

Size

NAFA collection

SHORT 1X

0

XSO

Black NAFA 31.00 Silver Bronze 31.00 00 Nap Average Nap Group Avg. NORTH AMERICAN FUR AUCTIONS VSL+ 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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

Colour

4

XXD

SN

43.46 37.00

SHORT-MEDIUM 2X 2

SMO

SMN

41.75 28.76

28.00

27.00

30.92 33.50

37.42

28.00

29.00

27.64

22.56

27.55 25.04

22.56

26.84 30.03

31.63

25.28 26.01

25.28

25.00

26.59

37.25 25.55

25.00

26.56 22.19

32.38

25.00

27.04

23.98

23.91

24.00

21.66

22.50

20.00

22.92 20.54

30.84 21.28

21.42

23.79 19.18

20.00

21.96 25.72

27.75

21.42

19.50

22.65

19.47

24.16 17.03

19.47 22.18

22.52

17.00 4,299 90% 23.53

50,283 98% 25.71 28.39

16.84 108,321 77% 30.12

25.46 23.29

DK

23.72

20.61

18.63

20.58 18.44 18.21 15.70

17.39

17.39

15.50

15.29

7,286 100% 25.02

43,742 84% 21.49

32.99

XD

5-star collection

35.00

24.58

19.00

NAPS

Grades 3

MN

5 star 32.00 4 star 3 star 32.00 42.83 35.00 Nap Average Nap Group Avg. 40.22 35.00 | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA 34.00 VSL+ 30.00 VSL

31.93 28.25

BLK

All grades & sizes

1

27.00

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

3

SSO

NAPS

Clarity

All grades & sizes

21.70

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.

MEDIUM-LONG 4 MLN

2017-07-13

18.50 18.50

18.50

18.50

17.29 16.28

18.50

16.75 17.00

16.00 16.50 15.00

15.20 15.37

15.90

15.24 15.36

14.50 14.00

5 LN

12.62 12.50

14.00

12.58 12.77

3,419 53% 16.51

6,338 100% 15.01 15.28


JULY 2017 Price breakdown US$ MAHOGANY MINK MALE Offered

2,958

Sales %

100%

Top

58.00

Offered

11,509

Sales %

100%

Top

54.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

21,551 76% 49.00

16,052 91% 44.00

5,980 84% 35.00

Offered

1,791

Sales %

100%

Top

28.00

Offered Sales % Top

59,841 87% 58.00

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

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

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

NAPS 1

SN

55.00

58.00 53.42

55.00 56.47

56.56

52.00

48.00

53.00

53.00

50.63

46.00

47.94

53.11

53.67 49.28

44.86

47.49 42.65

53.52

53.11 52.63

52.44

44.86

45.92

50.59

45.71

44.49

42.94

46.00

47.07

47.99 45.00

40.18

46.00

47.07 47.17

47.26

40.18 37.41

35.80

43.27 38.18

34.61

36.00 33.81

41.70

34.61

35.45

46.53

41.70 36.00

37.00

37.87 38.62

35.39

32.00

34.29

28.00 27.00

34.29

27.67

30.00

28.00

37.87

32.00

35.00 31.00

27.67 26.00

28.00

24.00 23.00

28.00

23.79

23.79

23.00 1,144 91% 49.41

3,405 87% 49.96 47.80

15,542 91% 47.40

4,781 75% 42.24

38.81

20,320 80% 38.07

41.82

Clarity

40.15

DK

MED

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

3

MN

47.00 47.00

MEDIUM-LONG 4 MLN

5 LN

44.00 44.00 45.97

46.00 44.00 41.00 42.79

41.52 41.52 42.56

38.00 36.79 36.00 36.51

36.00 36.00 36.25

33.00 33.00

35.00 31.00 30.00

29.72

30.86

29.72 30.39

30.41

29.00

25.00

23.00 23.00

25.00

23.00 23.77

23.00

22.00

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

18.50

19.00

19.00

Offered Sales % Nap Average Nap Group Avg.

8,295 99% 34.98

6,166 94% 28.95 32.93

18.50

19.00 19.00 18.80 188 100% 33.00

36.23

3

All grades & sizes

35.94

JULY 2017

5-star collection

2

AUCTION REPORT XD

All grades & sizes

SMN

48.00 48.00

53.52

XXD

Colour

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

40.20

37.13

Price breakdown US$ MAHOGANY MINK FEMALE Offered

2,338

Sales %

100%

Top

36.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

15,549 92% 34.00

31,524 57% 110.00

23,296 44% 26.00

11,340 35% 17.00 84,047 58% 110.00

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

3

MN

Gold 33.00 36.00 31.00 32.64 5 star Silver 4 star Bronze 3 star 33.00 36.00 31.00 32.64 Nap Average 00 Nap Average Nap Group Avg. Nap Group Avg. 34.90 32.29 NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL+ VSL+ VSL 31.00 28.00 VSL Gold Silver Bronze Nap Average Nap Group Avg. VSL+ VSL

0

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

1

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.

29.00

31.00 28.00

33.28 28.41

29.00

27.48 25.85

29.00

30.87 31.65

32.05

29.00

26.88

24.00

28.44

24.00

27.42

24.00

27.42 29.20

20.00

24.00

XD DK MED

27.05

25.00

24.46

31.77 26.36

23.00

24.75 21.59

29.83

23.00

23.06

23.04

22.00

21.79 19.70 18.46

22.33

25.40 21.00

18.50

22.33 23.06

23.27

18.50

18.92

19.00

18.97 17.10

17.00

17.00

16.50 630 100% 26.55

5,772 100% 28.05 28.97

19,495 92% 29.32

3,490 74% 24.46

26.99 24.25 24.42 21.81

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

17.00

XXD

Colour

NAPS

Clarity

24.89

15,658 78% 24.98

Offered Sales % Nap Average Nap Group Avg.

3

MEDIUM-LONG 4 MLN

2017-07-13

24.41 24.41

5 LN

19.00 23.18

19.00

22.00 20.55 20.00 20.41

19.73

17.00 17.00 17.00

21.00

19.00

21.00

19.00 20.30

17.00

14.30

14.35

13.00

14.35

13.00 13.44

6,997 48% 20.13

22,544 23% 13.18 17.63

12.00 9,461 11% 18.07

24.86

All grades & sizes

5


Price breakdown US$ DEMI BROWN MINK MALE Offered

1,421

Sales %

100%

Top

55.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales %

20,970 79% 53.00

47,595 80% 53.00

69,369 77% 48.00

49,510 72% 43.00

22,065 84% 33.00

11,645 99% 25.50 222,575 79%

Grades

Size

NAFA collection

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

6X0

0

XSO

SHORT 1X SSO

55.00 54.61

55.00

5X0

51.00 48.00 45.00 49.44 50.00

51.22

4X0

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

47.00 45.10 41.47 45.94

49.68 46.82 46.00 48.64 47.77

46.00

48.02

000

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

43.51 40.55 37.00 42.13 38.60

43.79

35.00 33.56 31.00 34.11

39.21 34.17

00

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

36.57 35.97

34.00

39.00

28.62 28.00

32.37 29.00

0

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

28.38

30.80 28.96

1

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SMN

53.75 52.67 53.07

53.07

52.72 51.62

50.00

50.63 49.52

50.00

50.50 48.12

46.09

46.91 45.29

44.48 43.28

44.91 43.20

46.39

44.01 43.95

42.17

45.61 42.25

42.28 38.35

43.68 43.01

41.87

39.70 37.19 34.72 38.04

39.68 37.36 33.00 38.30

52.26 51.69

49.86

44.06

38.10

35.26

35.83 31.89

36.62

33.14

34.88 33.08 29.00 34.14

31.00

29.52

26.00

27.68 25.50

27.00 25.04

26.00

26.67

33.76

26.40

23.66

22.35

23.68 14,449 84% 41.97

41.85 37.21 38.25 37.92 38.88 35.22 37.80

JULY 2017

26.03

22.80 21.42

25.24 25.24 42,392 67% 45.18 44.10

44.19

37.80 32.46

25.00

10,545 94% 42.28

50.05 48.59 44.00 48.69

38.38

25.24

XXD XD DK MED PL XP XXP

All grades & sizes

SMO

22.35

21.00

20.22

59,031 66% 39.77

38,846 81% 35.50

38.12

NAPS

Grades

SHORT-MEDIUM 2X 2

52.94

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

Colour

1

SN

54.75 54.75

AUCTION REPORT

Top

NAPS

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

MEDIUM-LONG 4

3

MN

MLN

45.71 45.00

44.46 43.45

45.20

43.77 44.91

44.44

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

43.50 42.77 40.00 42.80

40.85 40.50

38.07

40.00

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

37.50 36.27 35.00 36.72

36.25 36.00

33.28

34.71

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

32.43 31.26 29.33 31.73

31.87 30.86

27.93

29.49

28.62

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

26.00 24.80 23.00 25.20

24.93 25.33

23.00

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

19.33

20.00

18.50

Offered Sales % Nap Average Nap Group Avg.

40,565 92% 33.30

13,257 100% 28.94 32.00

3,490 100% 32.06

40.61 41.90

36.12 35.97

38.34 33.00 32.25 32.33 34.00

25.08 25.10

23.00

22.64

23.64

22.88

21.00 20.03 19.50 20.59

20.28 20.00 20.09 20.36

42.87

3

All grades & sizes

38.00 38.00

31.26 31.63

2

Clarity

5 LN

36.44

4

35.14

Price breakdown US$ DEMI BROWN MINK FEMALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

Colour

All grades & sizes

6

20,530 66% 41.00

48,165 63% 35.00

74,527 73% 29.00

44,906 57% 23.00

10,881 87% 17.50 199,009 67% 41.00

Grades

SHORT 1X

NAPS

NAPS

Grades

MEDIUM-LONG 2017-07-13 5 1 3 4 0 SN XSO SSO SMO SMN MN MLN LN Gold 41.00 32.54 5 star 25.20 25.00 Silver 29.00 4 star 23.71 23.73 NORTH AMERICAN FUR AUCTIONS |30.21 65 SKYWAY AVE, TORONTO, ON28.29 | 416-675-9320 | WWW.NAFA.CA Bronze 3 star 22.00 22.00 Nap Average Nap Average 33.65 29.00 30.45 24.17 23.56 00 Nap Group Avg. Nap Group Avg. 33.65 29.88 24.01 VSL+ VSL+ VSL 30.75 27.90 25.70 VSL 23.56 22.21 20.00

Size

NAFA collection

0

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

1

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

31.39

30.28 25.07

30.95 31.13

31.39

26.36 24.00

22.65

26.20 22.92

24.82 24.90

23.86 21.51

23.66 20.00

25.59 25.24

24.83

23.40

23.15

23.54

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

2

33.90 27.00

27.04 22.00 22.00

SHORT-MEDIUM 2X 2

23.27

19.75

19.31

21.53 20.89

20.08

19.31

17.71

17.00

14.64 14.63

17.50 17.50

14.64

15.66 39,721 46% 27.12 26.63 21.72 21.28 21.73 21.93 21.95 20.45 22.82

17.50 16.66

17.50

501 39% 22.00

27.41

17.64 17.00

20.55 19.71

19.76

26.87

21.00

21.75 20.00

18.50

28.75 23.54

14.64 13.55

14,462 82% 25.86

26,253 65% 24.89

23.95

37,859 88% 23.27

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 Offered Sales % Nap Average Nap Group Avg.

24.68 22.90

21.82 20.00 21.61 22.80

20.00 20.00

20.53

20.81

19.00

21.06 20.11

18.91 18.42 16.00 18.66 18.98

24.00

20.63 17.56

17.11

18.00 16.00

15.40 15.00 13.50 15.27 15.98

17.48 15.21

14.50

13.50 13.50

12.50 12.00 11.50 11.99 12.62

13.50

All grades & sizes

16.32

13.92

13.00

12.12

11.00

29,713 87% 21.11

44,366 47% 17.85 19.05

6,134 99% 18.13

2

Clarity

17.97 17.97

27.68

3

21.60

4

21.72


Price breakdown US$ PEARL MINK MALE Offered

1,718

Sales %

100%

Top

56.00

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

14,171 96% 53.00

32,739 92% 48.00

24,615 69% 40.00

9,643 59% 32.00

7,236 83% 26.00 90,122 82% 56.00

Grades

Size

NAFA collection

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

5X0

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

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

52.47 52.47 54.05

NAPS 1

SN

56.00 54.00 54.66

PL

Colour

XXP 5XP 3XP 4XP

50.40

50.40

49.21 48.49

52.08 49.78

49.06 50.45

51.33

47.28 46.02 46.80

47.00

46.80 43.00

43.59 43.20

46.39 46.38

41.85

43.44 45.38

46.38

34.00

35.57 35.50

42.79 42.00

38.91 38.00

35.59 33.54

34.00

35.55 37.55

38.71

34.92

42.71

42.00

42.71 37.95

34.92

34.00 30.00 29.00

30.00 30.00

29.73 29.84

30.00

30.19 28.55 29.66

29.66 26.48 25.66 22.59

24.00 24.00

24.00

23.82

23.82 22.00

623 100% 38.18

12,566 100% 42.05 43.78

40,688 73% 44.82

38.10

15,640 81% 38.10

48.00

37.34

JULY 2017

52.00 49.55

42.37 40.00

XP

All grades & sizes

SMN

47.11

AUCTION REPORT MED

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

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.

MEDIUM-LONG 4

3

MN

MLN

44.33 44.33

44.33

42.38 43.26 43.25

40.25

43.25

40.25 42.74

41.49

39.68

39.51 38.29

37.00 36.46

39.14

36.61 38.50

37.53

35.85

34.49 32.68

32.00

34.08

32.00 33.51

31.28

30.45

28.00 27.33

27.00 26.00

27.54

26.24 26.83

26.00

25.71

23.00 21.81

22.00 21.00

22.32

21.34 21.97

21.00

20.00

14,777 86% 34.66

5,828 100% 29.60 33.17

2

Clarity

42.42

39.95

42.98

44.30

3

All grades & sizes

33.63

5 LN

37.27

37.47

Price breakdown US$ PEARL MINK FEMALE Offered Sales % Top

6,610 47% 41.00

Grades

Size

NAFA collection

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

00

SHORT 1X

0

XSO

SSO

41.00

NAPS 1

SN

41.00

SMO

41.00

SMN

34.00 31.00

31.78

31.78 30.00

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

MEDIUM-LONG 4

3

MN

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

29.65 29.65

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

27.94 24.30

29.65

MLN

29.65

5 LN

2017-07-13

28.40

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

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

25,299 65% 39.00

34,556 73% 35.00

20,535 80% 24.00

14,837 29% 21.00 101,837 64% 41.00

Gold 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.

MED

Colour

All grades & sizes

PL

XP XXP 3XP 4XP

28.82

36.71 32.91

30.61 26.67

28.82 33.72

35.31

29.44

27.00

28.00

23.00

24.16 23.24

32.39 28.78

23.00

23.87 28.75

31.00

22.81

23.00

29.44

26.87 27.72 24.40 26.22

26.22 22.00

20.00 19.00

23.35

21.26 18.46

19.89 21.62

23.35

20.41

20.41

18.41

21.00

21.00

17.00

21.00

17.00

17.00

15.00 1,824 64% 23.00

9,468 76% 24.05 29.03

37,781 55% 31.32

25.16

24.11

22.78

26.21 25.83 24.44

25,333 75% 25.16

22.00 25.95

24.38

21.35

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

22.14 21.00 20.00 21.79

21.04 19.50

20.36

18.21

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

18.36 17.44

16.83 15.85

18.00

16.25 17.07

17.41

15.61

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

All grades & sizes

3

20.42 21.30

22.00 18.00 18.00

15.21 15.21

14.24

13.00

14.24 13.94

13.00

14.32

13.90

12.80

14,813 69% 22.03

10,202 54% 17.56 20.17

2,416 69% 15.19

2

Clarity

22.00

26.86

30.43 23.84

22.99

7


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

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

10,794 53% 58.00

27,039 68% 56.00

25,751 46% 50.00

14,878 73% 40.00

6,194 69% 31.00

2,717 71% 25.00 87,373 61% 58.00

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

1

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

SHORT 1X

0

XSO

SSO

NAPS 1

SN

56.39 55.00

58.00 54.69

56.11 55.52

55.24

51.07 49.62

52.96 48.61

50.37 51.33

52.08

46.00 44.39

50.00 42.92

44.88 44.71

44.58

52.91

48.40

36.00 36.00 39.10

41.34

39.41 39.04 39.25

35.82

30.69

30.23

8,715 55% 49.23 47.05

37,421 44% 46.06

43.33

46.74 46.29 45.00 46.41

45.73 44.97 43.69 44.93 45.82

41.01 41.87 39.16 41.34

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

40.93 40.25 38.00 40.39

39.62

36.07 35.91 33.86 35.82

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

35.16 34.28 34.00 34.49

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

30.43 29.37

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

24.00 23.00

30.23

25.00

22,359 68% 43.33

Clarity

38.93

MED

46.45

JULY 2017 PL

45.22

XXP

5 LN

52.00 48.00 50.88 50.37

50.07

47.00

42.39 37.62 39.12 39.58

40.00

37.55 37.55 36.74

33.86 35.00 33.16 33.90 34.11

34.00

33.00 33.00 32.27

29.00 27.00 27.50 29.08

29.86 27.52

25.51 22.00 21.41 21.76 22.81

23.62 22.60

20.43

9,886 94% 38.75

6,102 93% 37.31 38.05

2,890 56% 35.90

50.27

3

40.13

All grades & sizes

43.02

XP

Offered Sales % Nap Average Nap Group Avg.

50.86 49.00

2

39.61

DK

MLN

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

35.59

XD

3

MN

49.10 48.09 43.45 48.40

25.00

25.00

MEDIUM-LONG 4

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

30.23

30.69

5-star collection

53.85 52.26 48.38 52.91

34.19 31.00 30.41

AUCTION REPORT

All grades & sizes

SMN

47.13

XXD

Colour

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

45.00

Price breakdown US$ SILVERBLUE MINK FEMALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

8,328 48% 44.00

23,507 77% 40.00

25,022 64% 32.00

11,119 71% 21.00

Offered

5,442

Sales %

89%

Top Offered Sales % Top

17.00 73,418 69% 44.00

Grades

Size

NAFA collection

All grades & sizes

8

0

XSO

Gold Silver Bronze 00 Nap Average Nap Group Avg. VSL+ NORTH AMERICAN FUR AUCTIONS 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

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

All Sizes

Offered Sales % Nap Average Nap Group Avg.

XXD

Colour

SHORT 1X

XD DK

1

SN

44.00 33.61

SMO

32.45 28.25

28.75 29.80

30.50

25.41 24.07

26.48 22.00

24.86 25.48

26.12

19.50

20.00 19.68

19.50 19.67

19.76

27.59

28.24 26.43 23.45 27.59

23.44

24.44 21.94 20.00 23.44

19.42

20.02 18.72 17.65 19.42

15.65

15.65

15.65 14.49

6,906 72% 26.53 27.44

20,604 33% 28.14

24.26

19.97

MLN

28,661 83% 24.26

22.29 26.33

24.39 23.89

Clarity

All grades & sizes

5 LN 2017-07-13

29.68

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

25.38 24.46 23.00 24.57

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

22.00 21.08 20.00 21.10

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

19.57 17.97 16.81 18.45

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

14.34 14.41

13.66 13.59

14.38

13.64 13.88 13.38

12.35

8,817 92% 20.36

4,534 88% 18.15 19.66

3,686 85% 18.75

Offered Sales % Nap Average Nap Group Avg.

24.00 22.00 22.95 23.42

3

21.00 21.00 21.00 21.00

20.76 19.48 20.37 20.84

21.21

19.63 16.30 16.30 18.09

2

21.45

20.00

3

MN

MEDIUM-LONG 4

5 star 29.68 4 star 3 star Nap Average 36.00 36.86 29.68 Nap Group Avg. 36.57 31.40 VSL+ | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA 30.28 VSL

29.93 27.60

34.05 30.67 26.50 31.40

18.47

210 0%

5-star collection

SMN

22.64

PL

XXP

36.00

NAPS

Grades

SHORT-MEDIUM 2X 2

26.55

MED XP

SSO

NAPS

28.17 22.63

12.50 12.50


JULY 2017 Price breakdown US$ WHITE MINK MALE Offered

4,288

Sales %

100%

Top

53.00

Offered

24,344

Sales %

100%

Top

50.00

Offered

33,716

Sales %

100%

Top

46.00

Offered

21,277

Sales %

100%

Top

40.00

Offered

5,137

Sales %

95%

Top

34.00

Offered

8,982

Sales %

100%

Top

27.00

Offered

97,744

Sales %

100%

Top

53.00

Size

5X0

4X0

000

00

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

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

50.00

50.00

SHORT 1X SSO

NAPS 1

SN

52.45 52.00

52.57 51.23

52.34 52.04

51.92

48.47 47.53

48.48 47.76

47.63

48.35 48.30

48.29

47.35

42.79

43.50 43.32

42.79

43.42 43.81 37.77 36.00

37.86 38.46

35.78

37.54 37.91

38.01

34.00

46.02

46.02 43.65 41.90 41.10

41.65

43.00

41.66

50.54

47.01 44.47

44.17 43.10 40.00 43.95

35.78

51.41 50.00

47.00

48.00

41.00

SMN

50.54

52.00

47.63

45.25

SMO

41.65 40.35 37.26 35.83

36.98

36.00

36.98 35.00 33.25

31.00

31.34

32.50 30.00

32.36 30.00

31.00

31.34 32.24

32.38

32.16

32.16

29.00

26.68

27.00 26.00

25.62 24.00

26.68

25.09

25.09

22.40 2,142 100% 42.20

10,669 100% 44.95 43.29

55,343 100% 42.95

AUCTION REPORT

38.98

15,255 100% 38.98

NAPS

Grades

SHORT-MEDIUM 2X 2

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

48.00 48.00

48.00

47.00 43.73 43.89

42.21 43.00

43.82

42.37 43.47

44.32 38.31

38.00 38.00

38.31

38.00 38.19

38.00

38.00

35.29

34.00 34.00

35.29

34.00 34.90

Clarity

All grades & sizes

28.00 28.00 28.00 28.00

28.00

26.82 26.37

23.54 23.00

26.67

23.25 25.41

JULY 2017

22.00 22.00

25.55

22.76

22.00

9,613 100% 35.20

3,895 94% 31.72 33.96

827 100% 22.00

42.03

2

All grades & sizes

37.00

33.56

1

Colour

5 LN

40.97

3

40.00

Price breakdown US$ WHITE MINK FEMALE Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top

Offered Sales % Top Offered Sales % Top

2,432 79% 34.00

14,857 70% 34.00

38,611 80% 210.00

15,216 90% 25.00

7,482 94% 18.50 78,598 81% 210.00

Size

Grades NAFA collection

0

XSO

SHORT 1X SSO

NAPS 1

SN

SMO

NAPS

Grades

SHORT-MEDIUM 2X 2

5-star collection

SMN

3

MN

MEDIUM-LONG 4

0

1

2

3

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

28.00

28.28 28.40

33.24 31.31

28.00

28.30 30.68

32.49

24.57

27.89

23.33

27.03 24.00

26.03 27.00

25.05

23.33

26.61 26.15

26.22

25.05

22.00

23.97

20.00

21.00 19.50

22.34 22.23

20.00

20.73 22.02

22.32

19.00

19.00

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

29.66

29.66

27.36

25.05

23.53 22.63

22.63

22.63 20.00

17.99 16.50 17.81

29.66

16.51 16.00

17.81

16.32

16.32 15.78

1,947 100% 23.67

7,336 100% 26.26 25.53

38,221 67% 25.42

25.12

21,677 93% 25.12

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

All grades & sizes

Clarity

All grades & sizes

2017-07-13

25.00

25.00

25.00 23.58

22.00

19.50

23.58

22.00 22.89

19.50

22.00

19.87

20.00 20.00

20.00

19.00

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

15.49 15.50

15.50

14.00

Offered Sales % Nap Average Nap Group Avg.

7,353 100% 17.78

1,938 65% 22.00 18.00

15.49

15.49 126 100% 19.50

25.21

2 3

5 LN

25.00

1

Colour

MLN

Gold 32.39 33.00 5 star Silver 34.00 32.00 4 star Bronze 3 star 32.39 34.00 32.85 Nap Average 00 Nap Average Nap Group Avg. Nap Group Avg. 32.65 32.85 VSL+ VSL+ NORTH AMERICAN FUR AUCTIONS | 65 SKYWAY AVE, TORONTO, ON | 416-675-9320 | WWW.NAFA.CA VSL 31.00 30.00 VSL

23.76 19.50

9


10

NAFA Launches New Heritage Campaign

N A FA L a u n c h e s 2 0 1 7 D e s i g n e r C a m pa i g n C e l e b rat i n g t h e Tr u e N at u re o f Fa s h i o n N at u re , a u t h e n t i c i t y, b ea u t y, l u x u r y a n d h e r i ta ge : f i v e p i v ota l w o rd s t h at l e d t h e v i s i o n o f t h e 2 0 1 7 N A FA H e r i ta ge C a m pa i g n . N A FA’s h e r i ta ge t ra ce s ba c k m o re t h a n 3 4 5 y ea r s . To d a y, N A FA p ro v i d e s t h e f i n e st q u a l i t y ra n c h e d m i n k a s w e l l a s t h e m o st d i v e r s e co l l e ct i o n o f w i l d f u r a n d a re f i n e d s e l e ct i o n o f ra n c h e d fox to t h e fa s h i o n w o r l d . T h e 2 0 1 7 ca m pa i g n ca pt u re s N A FA’s s e l e ct i o n o f s u sta i n a b l e a n d et h i ca l l y s o u rce d l u x u r y f u r s , st y l e d i n n at u re . S h ot o n a re m ote l o cat i o n i n Q u e b e c , C a n a d a , t h e s n o w - co v e re d t ra i l s a n d l a ke s p ro v i d e d a n i d y l l i c l a n d s ca p e to s h o w ca s e n e w Fa l l / W i n te r 2 0 1 7 c reat i o n s b y re n o w n e d fa s h i o n d e s i g n e r s u s i n g ra n c h e d a n d N A FA w i l d f u r s . Fre s h - fa ce d m o d e l o f t h e m o m e n t , E st h e r H e e s c h , m o d e l e d p i e ce s b y O s ca r d e l a Re n ta , M i c h a e l K o r s , G i a n f ra n co Fe r ré Fu r s , B ra s c h i a n d E go. “ T h i s y ea r w e wa n te d to st r i p d o w n t h e ca m pa i g n to s h o w f u r i n a n a u t h e n t i c s ett i n g ,” s a i d Ro b C a h i l l , S e n i o r V P o f N A FA M a r ket i n g . “ W e wa n te d to s et a s ce n e t h at re f l e cts N A FA’s h e r i ta ge a n d a ge - o l d t ra d i t i o n s t h at w e co n t i n u e to u p h o l d to t h i s d a y.” M a i n ta i n i n g t ra d i t i o n a n d a u t h e n t i c i t y i n t h e f u r t ra d e i s at t h e co re o f N A FA’s m a n d ate .

Black NAFA 0 la Renta Oscar1 de

“ I n a d d i t i o n to m a i n ta i n i n g o u r t ra d i t i o n , e n s u r i n g t h at f u r co n t i n u e s to b e a s u sta i n a b l e a n d re s p o n s i b l e l u x u r y i s i n c re d i b l y i m p o r ta n t to N A FA .” C a h i l l co n t i n u e s . “ N A FA’s co m m i t m e n t to u p h o l d i n g o u r co n s e r vat i o n sta n d a rd s p l a y e d a ke y ro l e i n t h e d i re ct i o n o f t h i s ca m pa i g n . I t h i n k t h e i m a ge s a n d v i d e o re f l e ct t h i s n a r rat i v e .”


T h e C a n a d i a n w i n te r c l i m ate wa s t h e i d ea l s ett i n g fo r t h e l u x u r i o u s l y wa r m p i e ce s . St y l e d b y FA S H I O N C a n a d a’s Ed i to r- at- L a rge , Ze i n a E s m a i l , ea c h l o o k wa s l a y e re d w i t h r i c h k n i ts , t w e e d s a n d ca s h m e re a n d s h o w ca s e d t h e l u x u r i o u s f u r m ate r i a l e f fo r t l e s s l y i n t h e n at u ra l e n v i ro n m e n t . K n o w n fo r t h e i r e p i c n at u re p h oto g ra p h y, To ro n to - ba s e d Roa m i n g Fo c u s P ro d u ct i o n s wa s re c r u i te d to p h oto g ra p h t h e ca m pa i g n a n d d i re ct a s h o r t v i d e o t h at ca pt u re s t h e l o o k a n d fe e l o f N A FA’s h e r i ta ge i n 2 0 1 7 . Fo r m o re , o r to watc h t h e f u l l C a m pa i g n v i d e o, v i s i t www.fashion.nafa.ca

NAFA Fox | Silver Fox Michael Kors

NAFA Mink | White Mink Braschi

Black NAFA and NAFA Northern | Ermine Oscar de la Renta

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NAFA's July 2017 Top Lots The Top Lot of Black NAFA — Male was purchased by Stuart Bewley of Polar Furs Ltd. for Haining City Beiye Trading Company (SJU), of Haining, China for $640. Produced by David Dittrich.

The Top Lot of Black NAFA – Female was purchased by Jindo Co., Ltd. for JINDO, of Seoul, Korea for $520. Produced by David Dittrich.

The Top Lot of Mahogany — Female was purchased by Stuart Bewley of Polar Furs Ltd. for Haining City Nashi Fashion Co. Ltd., of Haining, China for $110. Produced by Unicorn (SN).

The Top Lot of White Mink — Female was purchased by Stuart Bewley of Polar Furs Ltd. for Haining City Beiye Trading Company (SJU), of Haining, China for $210. Produced by Venus. 1 2


2018 AUCTION SCHEDULE FEBRUARY 26 - MARCH 2

(On Show February 21, 2018) NAFA Canada HQ 65 Skyway Avenue Toronto, ON M9W 6C7 T: 416-675-9320 F: 416-675-6865

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

MAY 13 - 19

(On Show May 8, 2018) NAFA USA 205 Industrial Circle Stoughton, WI 53589 T: 608-205-9200 F: 608-205-9210

JULY 6 - 10

(On Show July 1, 2018)

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

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


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