I would suggest you start at the being of my post with Nancy the store owner and read the whole scenario. If you can't get the point then well god help us all!

I remarked to the post above and will say,.if you want the fur buy it!

I have no reply

That works if you have unlimited capital or a rich relative or an understanding banker. But some buyers have limited financial resources, especially smaller buyers.

Another option is to buy fur on credit with FH. You pay 35% by prompt date, then finance the rest at 18% interest. Not sure of the exact repayment terms because I don’t do that. I stay within my budget.

If you finance with FH and don’t keep up your end of the bargain, FH will eventually resell the goods, take their commission and the money you owe them and you get what is left. A good way to get out of the fur business.

Keep in mind - once prompt date arrives, the shipper gets paid even if FH hasn’t gotten paid by the buyer. I’m sure Mark Downey could tell you some horror stories about that.

Has any of the buyers heard if they are running the online auction again like last sale?

For those that did not see/read about it, they had the catalogues up on a buyers login. Buyers could put in max bid's online for a lot. When that lot came up they started it at the auction house estimate and the room bid against the online bid. To clarify they did not start at the max bid unless it matched the auction houses lowest amount they would take. Bid's on the floor where taken and when there was no more if the max bid was higher the auctioneer would call out he had the bid at the next amount. A fair amount of time it added some value to the lot. If there was a tie it went to the bidder on the floor.

Think it was a great way to get some of the smaller/medium production customers into the game.

What kind of company puts out a news release DURING CHINESSE NEW YEAR and expect it to be read by 75% of the buyers that are going to be there with money ?
and taking away the PT room.....something is fishy

are not most of the cats sold in the last auction of the year as well...

Nancy it was good that you bought the crowd down at FHA Christmas pizza with that 350$......are things not to be paid out at year end on sales I ask.

And cutting off internet sales 2 days before the hammer falls...when did that come into play

rotten fishy

I vote JP as their new CFO

You are incorrect , Obviously I do not sell to FH, they are only the auctioneer. I never said that sending fur to FHA is selling to them. But why would someone sell to a local buyer who then turns around and sends fur to FHA auctioneers ? Except as beaverpeeler points out if shipping costs are unfeasible.

Greony's Canadian shill? Definitely noticing a pattern.

Man, I'm gonna be rollin in dough!!!!!

Im not sure I understand.....PT is fixed prices, right? The only battle I could see would be bidding at auction.

What if they sold out of cats during the auction because some buyers took the “no pt sales” seriously?

The higher end cats are expensive. The buyers have orders before the sale starts. They will not be buying any extra. They will fill the orders they have. The private treaty sales on cats usually occur if there are are orders later after the June sale. I have been watching the cat market for a very long time. They NEVER have sold out due to the minimums. If the buyer wants to buy latter private treaty there will not be any negotiations on price on the smaller lots because FHA will tell them they will hold them to the next sale. Almost all the higher end cats in the FHA are owned by a very few sellers. If FHA comes up with an order after the June sale the owners are contacted to see if they wish to negotiate the price if needed but if you own a couple cats yours will not be included in the sale, they will be held over.

Because you are paid now. If you own 5 rats are you gonna send them to fur harvesters and wait for your money? Not unless you hope you will win a top lot hat

Check the past sale you will see how many cats are sold in June

Just so you know the FHA is owned by trappers. Now maybe NAFTA was like that but as you can see they are no longer in business.

And you know this how??

The auction is over a month away. I’m willing to bet most buyers haven’t registered yet. The registration email hasn’t even been sent out yet.

I would say it is a fixed flexible price. I know for a fact FHA has called buyers making offers for them to buy PT fur. The more they take the cheaper it is per head. It is called cleaning the floor.

You would understand the "PT battle" comment if you knew or dealt with Oscar at NAFA.

I’ve dealt with Oscar multiple times. You needed a strategy to be successful. A system of “give and take”. Worked for me once I figured it out.