26.06.2026
Day 1 report / Friday, 26 June
Saga Furs’ June auction kicked off today. During the 8-day auction, Saga Furs will offer 4.4 million mink and 200,000 fox pelts. Today’s offering consisted of 399,000 Brown male and 100,000 Mahogany male mink pelts.
Following the remarkable success of our March auction, the global fur market enters this June sale with renewed confidence. The significant increase in prices achieved in March marked a turning point for the industry, restoring optimism after several challenging years and providing much-needed returns to producers.
As the world’s leading fur auction house, Saga Furs is proud to continue carrying the responsibility of providing an open, transparent and reliable marketplace for the international fur trade.
Today we welcome more than 400 buyers to the largest auction of the year, including an exceptionally strong delegation from China alongside customers from all major markets. The solid demand seen in today’s Brown Male offering has provided an encouraging start to the sale. This is particularly significant following recent auctions elsewhere that left the market with some uncertainty and mixed price signals.
The industry now looks to Saga Furs for clear market direction. Our objective throughout this auction is to facilitate active trading that supports a healthy and sustainable market. Producers need confidence to continue investing in the future, while buyers need access to commercially viable opportunities. A balanced market serves both interests.
Price movements may naturally vary between individual qualities and assortments, but what matters most is maintaining the strong overall market level established in March. If we succeed in preserving that confidence, we will once again have fulfilled our role as the market leader—creating liquidity for producers, enabling profitable business for the trade, and strengthening the foundation for the next production season.
The confidence shown by both our suppliers and our customers has brought us to this point. We thank them for that trust and look forward to another successful auction together.
- The Brown male collection was 100% sold at firm to slightly increasing prices.
- The Mahogany male collection was 100% sold at prices representing March Increase as this was the first offering of the season.
- All prices are compared to the March 2026 auction (where applicable) and refer to regular pelts.
China was the dominating market with support from the rest of the market.
The auction continues tomorrow with the sale of Brown, Mahogany female and Sapphire male and female mink pelts.