12.06.2025
Day 7 stock exchange release / 12 June 2025 at 16:50 EET
Insider information: The Saga Furs’ auction brokerage sales is EUR 127 Million
Saga Furs’ June auction concluded today, 12 June, with a total of 320 buyers in attendance. Majority of purchases was made for the Chinese market. Purchases were also made to South Korea, Türkiye, Greece, and the European fashion industry. The value of the auction brokerage sales is EUR 127 Million (5/2024: EUR 128 million).
Of the 3.9 million mink pelts offered, 92% were sold, while 39% of the 200,000 fox pelts found buyers. Strong demand for mink pelts continued, and despite the recent weakening of the Chinese yuan, price levels remained stable compared to the March auction. Prices for fox pelts, however, remained low and unprofitable for producers.
“Following the successful mink auction, the sale of fox pelts was weaker. The company will continue its efforts to improve demand for fox pelts in China and other key markets. We are developing and showcasing new and innovative ways to use fox fur to fashion and textile companies,” says Markus Gotthardt, CEO of Saga Furs.
Day 7 report / Thursday, 12 June
The fox auction concluded today with the offering of 150,000 Blue fox, 24,000 Blue Frost and 25,000 Silver fox pelts.
- The Blue Frost fox collection was 90% sold at slightly easier prices.
- The Silver fox collection was 80% sold at firm prices.
- The Blue fox collection was 25% sold at slightly easier prices.
- All prices are compared to the March 2025 auction, in euros and refer to regular pelts.
- The recent fluctuation of CNY affected today’s sale.
Türkiye was the dominating market with good support from China, South Korea and the European fashion industry.
The Blue fox Top Lot was purchased by Chinese Brand Melinda Li.
Saga Furs’ next auction will be held in September.
Day 6 report / Wednesday, 11 June
The Mink auction concluded today with the offering of 576,000 White mink pelts as well as 92,000 Black Cross, and 138,000 Silver Cross mink pelts.
- The White Classic male collection was 85% sold at easier prices.
- The White Velvet male collection was 100% sold at easier prices.
- The White female collection was 100% sold at slightly easier prices.
- The Black Cross male collection was 100% sold at increasing prices.
- The Black Cross female collection was 100% sold at slightly easier prices.
- The Silver Cross collection was 100% sold at firm to slightly easier prices.
- All prices are compared to the March 2025 auction, in euros and refer to regular pelts.
- The recent fluctuation of CNY affected today’s sale.
China was the dominating market with good support from South Korea, Türkiye, Greece and the European fashion industry.
The auction concludes tomorrow. On the final day, Blue, Blue Frost and Silver foxes will be on offer.
Day 6 stock exchange release / 11 June 2025 at 19.35 EET
Insider information: 3,6 million mink pelts sold at Saga Furs’ mink auction
The sale of mink pelts at Saga Furs’ auction, which began on 6 June, concluded today, 11 June. The mink auction attracted 320 buyers from all major markets.
“Strong demand for mink pelts continued. Of the 3.9 million pelts offered, 92% were sold. The recent weakening of the Chinese yuan was reflected in the price levels, which nevertheless remained stable compared to the March auction,” says Markus Gotthardt, CEO of Saga Furs.
Majority of purchases was made for the Chinese market. Purchases were also made to South Korea, Türkiye, Greece, and the European fashion industry.
The auction will continue tomorrow, 12 June, with the sale of fox skins. Upon its conclusion, the company will publish a stock exchange release covering the entire auction.
Day 5 report / Tuesday, 10 June
Today’s offering consisted of 680,000 Silverblue mink pelts.
• The Silverblue male collection was 90% sold at firm to slightly easier prices.
• The Silverblue Classic female collection was 100% sold at slightly increasing prices
• The Silverblue Velvet female collection was 90% sold at firm to slightly easier prices.
• All prices are compared to the March 2025 auction, in euros and refer to regular pelts.
• The recent fluctuation of CNY affected today’s sale.
China was the dominating market with good support from South Korea, Türkiye, Greece and the European fashion industry.
The mink auction concludes tomorrow with the sale of White mink pelts as well as Black and Silver Cross mink pelts.
Day 4 report / Monday, 9 June
Today’s offering consisted of 142,000 Palomino female as well as 338,000 Pearl male and female mink pelts.
- The Palomino Classic collection was 100% sold at firm to slightly easier prices.
- The Palomino Velvet collection was 95% sold at firm to slightly easier prices.
- The Pearl Classic male collection was 90% sold at slightly easier prices.
- The Pearl Velvet male collection was 75% sold at slightly easier prices.
- The Pearl Classic female collection was 80% sold at firm prices.
- The Pearl Velvet female collection was 75% sold at slightly easier prices.
- All prices are compared to the March 2025 auction, in euros and refer to regular pelts.
- The recent fluctuation of CNY affected today’s sale.
China was the dominating market with good support from South Korea, Türkiye, Greece and the European fashion industry.
The auction continues tomorrow with the sale of Silverblue mink pelts.
Day 3 report / Sunday, 8 June
Today’s offering consisted of 166,000 Pastel and 32,000 Sapphire male and female mink pelts as well as 173,000 Palomino male mink pelts.
- The Sapphire collection was 100% sold at clearly increasing prices.
- The Pastel male collection was 85% sold at firm to slightly easier prices.
- The Pastel female collection was 100% sold at slightly increasing prices.
- The Palomino Classic collection was 100% sold at firm prices.
- The Palomino Velvet collection was 95% sold at firm to slightly easier prices.
- All prices are compared to the March 2025 auction, in euros and refer to regular pelts.
- The recent fluctuation of CNY affected today’s sale.
China was the dominating market with good support from South Korea, Türkiye, Greece and the European fashion industry.
The Pastel female Top Lot was purchased by Chinese brand CHANCHANWANG.
The auction continues tomorrow with the sale of Palomino female and Pearl mink pelts.
Day 2 report / Saturday, 7 June
Today’s offering consisted of 495,000 Brown female and 139,000 Mahogany female as well as 257,000 Royal Black and Black male and female mink pelts.
- The Brown collection was 100% sold at firm prices.
- The Mahogany collection was nearly 100% sold at firm prices.
- The group collection, consisting of Royal Black and Black, was 75% sold at firm to slightly easier prices.
- The Black collection was 100% sold at firm prices.
- All prices are compared to the March 2025 auction, in euros and refer to regular pelts.
- The recent fluctuation of CNY affected today’s sale.
China was the dominating market with good support from South Korea, Türkiye, Greece and the European fashion industry.
The auction continues tomorrow with the sale of Palomino, Sapphire and Pastel mink pelts.
Day 1 report / Friday, 6 June
The Saga Furs’ June auction started today. During the 7-day auction, Saga Furs will offer 3.9 million mink pelts and 200,000 fox pelts to more than 300 buyers representing all the main markets.
Today’s offering consisted of 500,000 Brown male and 110,000 Mahogany male mink pelts.
- The Brown Classic male collection was 95% sold at firm prices.
- The Brown Velvet male collection was 90% sold at slightly easier prices.
- The Mahogany male collection was 95% sold at firm to slightly easier prices.
- All prices are compared to the March 2025 auction, in Euros and refer to regular pelts.
- The recent fluctuation of CNY affected today’s sale.
China was the dominating market with support from South Korea, Türkiye, Greece and the European fashion industry.
The auction continues tomorrow with the sale of Brown female and Mahogany female, Royal Black and Black mink pelts.