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In 1979, the major raw fur auctions were occurring in January, March, May, and December at CFC. [10] By 1999, approximately 500 buyers would arrive in Copenhagen from 15 countries to bid on some 12 million mink pelts. [11] Kopenhagen Fur is the world's largest fur skin auction house and the centre of the international fur trade.
That same fur was then sold in Anchorage, Alaska for over $150, or about 4,779 rubles. [12] Today, fur clothing is still a sign of wealth around the world, and the prices for prime fur clothing continue to rise. The sable coat, in particular, is a symbol of status and is one of the most coveted types of fur coats.
The American Fur Trade of the Far West: A History of the Pioneer Trading Posts and Early Fur Companies of the Missouri Valley and the Rocky Mountains and the Overland Commerce with Santa Fe. 2 vols. (1902). full text online; Dolin, Eric Jay (2010). Fur, Fortune, and Empire: The Epic History of the Fur Trade in America (1st ed.).
A fur farm in Ostrobothnia, Finland Map of countries that banned fur farming. A mink farm (after 1900) A mink farm in the United States A mink farm in Poland. Fur farming is the practice of breeding or raising certain types of animals for their fur. Most of the world's farmed fur was produced by European farmers.
Modern fur trapping and trading in North America is part of a wider $15 billion global fur industry where wild animal pelts make up only 15 percent of total fur output. In 2008, the global recession hit the fur industry and trappers especially hard with greatly depressed fur prices thanks to a drop in the sale of expensive fur coats and hats.
Global Container Freight Index, July 2019 – August 2022. In 2021, as a consequence of the COVID-19 pandemic and, later, the ongoing 2022 Russian invasion of Ukraine, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns.
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Its services are used by both large fur farms and small-time trappers. Its auctions are held three to four times a year in Toronto. It is the largest fur auction house in North America, and the second largest in the world. [1] In its May 2008 auction, NAFA handled nearly 3.5 million pelts.