27.03.2026
Saga Furs Ignites Mink Market Comeback with Dramatic Price Surge Exceeding 100% at Auction Opening
Saga Furs’ mink auction opened today with exceptional momentum, signaling a powerful turnaround after several years of subdued price levels in the mink market. During the 5-day auction, Saga Furs will offer 3.1 million mink, 250,000 fox and 20,000 Finnraccoon pelts.
Pre-auction expectations had been steadily building, supported by a strong retail season in China, Saga Furs’ primary market. Positive market signals have also been seen in other key regions, including Korea, as well as across international fashion markets, where demand for mink has been solid.
Confidence was further reinforced by high buyer attendance, with more than 500 participants, including approximately 290 buyers from China. The strong international presence and active inspection of the collection underlined robust demand ahead of the sale.
From the very start of the auction, prices surged sharply across key mink types. Saga Furs’ Brown Velvet collection recorded an average price increase of around 110%, with the Brown Classic collection showing a similar level of improvement. Pastel mink skins followed the same upward trend, demonstrating broad-based demand across assortments.
Competition in the auction room was intense, with determined and active bidding from buyers.
“These results reflect renewed confidence in the market,” says Markus Gotthardt, Saga Furs’ CEO. “We are seeing strong demand across our key segments and markets, and today’s performance contributes to establishing a new price level for products that are currently in high demand.”
Day 1 report / Friday, 27 March
The offering today consisted mainly of 607,000 Brown female and 151,000 Pastel mink pelts.
- The Brown female collection was all sold, with a price increase of 110%.
- The Pastel female collection was all sold, with a price increase of 140%.
- The Pastel male collection was all sold, with a price increase of 90%.
- The day concluded with the offering of Lavender and Redglow. Both collections were all sold at increasing prices.
- All prices are compared to June 2025 auction or previous offering and refer to regular pelts.
China was the dominating market with support from South Korea, Greece and the European fashion industry.
The Pastel female Top Lot was purchased by Hangzhou Jingxin Co., Ltd (ChanChanWang) at 1600 euros per pelt.
The auction continues tomorrow with the sale of Brown male mink pelts, Royal Black and Black male and female as well as Palomino male and female mink pelts.