Fur prices are determined the old-fashioned way, by supply and demand. Trappers and fur farmers send their pelts to one of North America’s three fur auction facilities, where expert “graders” sort them into “lots” of furs of similar type, size, color and quality. There are also important auction houses in Europe, which is the largest producer of farmed furs (mink and fox). Fur buyers, designers and manufacturers from around the world gather at auction sales that are held several times each season. After an inspection period, each fur “lot” is presented by the auctioneer in a room where 300-400 international buyers compete to secure the furs they need for the coming year.
Answer by :
Howard Trager, fur broker (Montreal, Canada)