Swakara Auction Results March 2019
During the March 2019 auction, the Swakara industry was again under pressure from the current challenges within the international fur market.
The Swakara and mink March 2019 auction prices increased with a couple of percentage in DKK, showing signs of an industry less saturated with pelts, compared to the Sept 2018 auction. There however, still seem to be less buying power from the consumer side, resulting in an overall decrease of pelt types with high prices.
100% of the Swakara offering was sold with a buyer from Italy buying the most skins, followed by a buyer from Greece and Hong Kong. In contrast to the Sept 2018 auction, more Chinese buyers where actively competing in the auction room.
An average price of N$452.53 was achieved for the 32 975 pelts – a decrease of 2% compared to the Sept 2018 auction when the 23 326 pelts fetched an average price of N$462.42.
In Danish krone the average was DKK209.34– a price increase of 3% compared to Sept 2018.
The auction consignment consisted of 18 952 black (57.47%), 8 877 white (26.92%), 1 830 spotted (5.55%), 2 162 grey (6.56%), 452 brown (1.37%) and 702 diverse pelts (2.13%).
The black Top Lot of 48 R Flat Selected Extra pelts was sold for N$1 297.02 each to Konstantinou Furs, a buyer from Greece. The white Top Lot 34 White KF Selected pelts sold for N$1 599.66 per pelt to Charley Intl. Holding Ltd, a buyer from China for the companyOriental Lady.
The average price achieved for black Swakara pelts was N$461.63, an increase of 20.37% compared to Sept 2018. White pelts sold for an average N$551.06, representing a 21.85% decline compared to Sept 2018. Spotted pelts sold for N$313.45, an increase of 38.84% compared to Sept 2018, brown pelts sold for N$ 426.36 and grey pelts for N$269.99.
The auction was attended by 22 successful bidders buying Swakara. The buyer who bought the most Swakara pelts (5 082 pelts) was Carlo Guida from Italy, followed by USA Raw Skin Trading Corp from Greece (company registered in the USA) with 4 544 pelts.
The top Namibian producer with more than 250 pelts was Raynold Losper, he achieved an average price of N$712.04 for his 400 pelts. Due to the outbreak of Foot and Mouth disease in South Africa, the South African pelts were not sold during the March 2019 auction.