Getting rid of the PT option will benefit the trapper as to price.
Why would you compeat with other bidders when you can wait and get those left overs via PT without a bidding war.
The auction house could care less they are still getting the commission from both parties. So the trapper Is still getting the stinky end of the stick.

Agree with you Beav that the PT sales seems to have more advantages for buyers than sellers most of the time. I have noticed that I have done pretty much as well on PT prices as regular auction prices following some sales. When wild fur is hot is when that usually happens.

Lately, not been happening much....advantage to the buyers.

PT is not bad. It depends on how it is done.

wissmiss will correct me( hopefully), if I get this a bit wrong. Back in the good ole days, PT worked like this. In the PT room you could not buy the fur cheaper than on the bidding floor.

I believe it was valuation ( what they started the bid at on the floor ) plus 10%.

The pt room should not be where the advantages are. And the buyers need to be taught that. If it goes a little cheaper than it will be on the auction floor.

Don't know about FHA but I was told that NAFA upped the price buy a certain % If that lot or lots got bought via PT.

I agree with you, BOCO.

But we need to keep all you diseased, filthy Canadian animals
out of the United States until you've had your vaccine & rabies shots
and are declared Covid-free.

walleyed

Back in the 80's and 90's there were at least 25 bears a year went out of here thru the German Luftwaffe guys rotated thru here on training. Miss that market. Brits, Dutch, Belgiums and Italians bought nil.

I'm sure the PT price depends on if the lot was a buy back to readjust lagging bids during a hot market, or one of the lots on pages of lots that they couldn't get a bid on in a down market.

It seems to me that it comes down to supply and demand. When demand is high the auction house gets multiple biders. When there is no demand they go through pages and pages of lots without a bid. What are they to do hold fur for years and wait for the demand to pick up all the while the supply is increasing. These are unprecedented times in the world, and the fur market is no exception. Who would of guessed NAFA would have folded or that Copenhagen would close shop. Nobody forced anybody to sell in the country, or ship to auction. Everyone knows the conditions of sale. If you made the wrong decision, live with it. This isn't the first time that fur prices have been depressed, although it may be the worst. My hunch is that in the next few years garment makers are going to be looking for fur.