Swakara pelts sold out in Copenhagen
Agra sold out the total Swakara pelt offering on 6 September at the Kopenhagen Fur pelt auction held in Copenhagen, Denmark.
An average price of N$496.98 was achieved for the 39 007 pelts that were sent to the Kopenhagen Fur pelt auction by the Agra Swakara Services. This auction in Denmark took place on 6 September.
This is a decrease of 0.79% compared to the auction in April 2017, where an average price of N$500.94 was achieved for a total of 52 221 pelts. In Danish Krone the average was DKK240.30, a decrease of -7.68% compared to April 2017.
The pelt consignment consisted of 23 518 black (60.3%), 8 866 white (22.8%), 2 338 grey (5.9%), 593 brown (1.5%), 2 696 spotted (6.9%) and 996 diverse pelts (2.6%). The top lot for white Swakara achieved N$3,515.94. This is the highest price ever achieved for a top lot white in N$ terms.
The only time DKK1, 700 was paid for a top lot white Swakara was in September 2012, when the exchange rate was less favourable. The top lot for black Swakara achieved N$2,647.30. The buyer of both top Lots was LaoPanPicao a fur retailer from Harbin, China.
Kevin Wan, the representative of LaoPanPicao, together with Chris Cui, President of Kopenhagen Fur’s Beijing office, were part of a delegation of 13 business leaders from the Chinese fur trade, who visited Namibia last year to familiarise themselves with Swakara fur operations in Namibia. The group visited the farm of Reinhold Schreiber, accompanied by the Karakul Board chairman, Raimar von Hase, where they were shown how Swakara pelts are produced and prepared for auction in Kopenhagen twice a year.
Kevin Wan said their company has been buying top lots at Kopenhagen Fur's auctions before, but it is the first time they bought Swakara top lots. “Swakara is very beautiful and you can make very unique styles of it. We are working on a project with Kopenhagen Fur's Design Centre to promote the beautiful Swakara in China” he added.
The average price for black Swakara pelts was N$459.04, an increase of 4.34% compared to April 2017 and the white pelts achieved N$767.66, a decrease of -4.97% compared to April 2017. The biggest increase of the auction was 54.51% for spotted pelts, with an average of N$257.40. Diverse pelts sold for N$185.33 compared to an average of N$177.15 in April 2017, an increase of 4.62%.
Grey and brown pelts which are sold only once a year due to low quantities produced and were last sold in September 2016, achieved below average prices, with the grey achieving N$286.78 and the brown N$396.03.
The overall auction attained a total turnover of N$19,385,661.57.
The pelt offer was bought by 23 successful bidders. The biggest single buyer of Swakara pelts was the company, Europe Fur Co. Ltd, based in Hong Kong, buying for the Chinese market, who purchased 32 lots with 6 619 pelts. Followed by Bourtsos from Greece with 5 724 Swakara pelts and Fur Eco from Italy with 5 399 Swakara pelts.
Reflecting on the auction results, Agra’s Chief Executive Officer, Arnold Klein, who also attended the auction said, the Swakara industry once again had a good international pelt auction, amidst a fur market that is experiencing an overproduction of mink skins, and that has not fully recovered from the recent global economic crisis.
Klein confirmed that the average achieved for this auction was slightly lower compared to the auction in April 2017. “This can be attributed to the overall lower quantity of pelts produced this season, resulting in the unwanted merging of certain grades in order to increase the lot quantity. The lower prices paid for grey pelts also had an impact on the average price,” he explained
The top Namibian producer with more than 250 pelts at this auction was R H Losper, who achieved an average price of N$802.52 for 279 pelts. The top South African producer was W A Knoesen who sold 254 pelts at an average of price of R661.22.
This is a decrease of 0.79% compared to the auction in April 2017, where an average price of N$500.94 was achieved for a total of 52 221 pelts. In Danish Krone the average was DKK240.30, a decrease of -7.68% compared to April 2017.
The pelt consignment consisted of 23 518 black (60.3%), 8 866 white (22.8%), 2 338 grey (5.9%), 593 brown (1.5%), 2 696 spotted (6.9%) and 996 diverse pelts (2.6%). The top lot for white Swakara achieved N$3,515.94. This is the highest price ever achieved for a top lot white in N$ terms.
The only time DKK1, 700 was paid for a top lot white Swakara was in September 2012, when the exchange rate was less favourable. The top lot for black Swakara achieved N$2,647.30. The buyer of both top Lots was LaoPanPicao a fur retailer from Harbin, China.
Kevin Wan, the representative of LaoPanPicao, together with Chris Cui, President of Kopenhagen Fur’s Beijing office, were part of a delegation of 13 business leaders from the Chinese fur trade, who visited Namibia last year to familiarise themselves with Swakara fur operations in Namibia. The group visited the farm of Reinhold Schreiber, accompanied by the Karakul Board chairman, Raimar von Hase, where they were shown how Swakara pelts are produced and prepared for auction in Kopenhagen twice a year.
Kevin Wan said their company has been buying top lots at Kopenhagen Fur's auctions before, but it is the first time they bought Swakara top lots. “Swakara is very beautiful and you can make very unique styles of it. We are working on a project with Kopenhagen Fur's Design Centre to promote the beautiful Swakara in China” he added.
The average price for black Swakara pelts was N$459.04, an increase of 4.34% compared to April 2017 and the white pelts achieved N$767.66, a decrease of -4.97% compared to April 2017. The biggest increase of the auction was 54.51% for spotted pelts, with an average of N$257.40. Diverse pelts sold for N$185.33 compared to an average of N$177.15 in April 2017, an increase of 4.62%.
Grey and brown pelts which are sold only once a year due to low quantities produced and were last sold in September 2016, achieved below average prices, with the grey achieving N$286.78 and the brown N$396.03.
The overall auction attained a total turnover of N$19,385,661.57.
The pelt offer was bought by 23 successful bidders. The biggest single buyer of Swakara pelts was the company, Europe Fur Co. Ltd, based in Hong Kong, buying for the Chinese market, who purchased 32 lots with 6 619 pelts. Followed by Bourtsos from Greece with 5 724 Swakara pelts and Fur Eco from Italy with 5 399 Swakara pelts.
Reflecting on the auction results, Agra’s Chief Executive Officer, Arnold Klein, who also attended the auction said, the Swakara industry once again had a good international pelt auction, amidst a fur market that is experiencing an overproduction of mink skins, and that has not fully recovered from the recent global economic crisis.
Klein confirmed that the average achieved for this auction was slightly lower compared to the auction in April 2017. “This can be attributed to the overall lower quantity of pelts produced this season, resulting in the unwanted merging of certain grades in order to increase the lot quantity. The lower prices paid for grey pelts also had an impact on the average price,” he explained
The top Namibian producer with more than 250 pelts at this auction was R H Losper, who achieved an average price of N$802.52 for 279 pelts. The top South African producer was W A Knoesen who sold 254 pelts at an average of price of R661.22.
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