30.03.2026
Day 4 stock exchange release / 30 March 2026 at 17:50 EET
Insider information: All pelts sold and prices nearly doubled at Saga Furs’ mink auction

Saga Furs’ mink auction, which began on 27 March, concluded today, 30 March. The first mink auction of the season was exceptionally successful. This applies to clearance rate, price increases, and the number of buyers, which exceeded 500.

“All the 3.1 million mink pelts on offer were sold. The average price level increased by 76%. Depending on the type, the price increase ranged from a minimum of 30% to as much as 180% compared to the June auction last year. The results exceeded even our boldest expectations and establish a foundation for a new price level,” says Saga Furs CEO Markus Gotthardt.

Good deal Thank you

Folks will be out today building mink cages getting ready to open a mink farm.

Ranch fur prices like just occurred at SAGA will have a significant impact on most wild fur for next season. This according to SAGA Furs, this was the biggest increase percentage wise, in fur prices they have ever seen in their 75+ years in the business as a fur auction house. Good news for wild fur producers! Now we get to see if the consumer can adjust to massive retail price increases. Everyone in the business with inventory just saw it's value go way up. Now, how to replace it and make money???

I think the consumer will buy without much concern. After all we are dealing with maybe 10-20% of the fur we had 12 years ago and that means the small minority of wealthy people won't have a problem bidding up the fur they want. We are a long way from getting our utility fur usage market back if we ever do.

Bryce

Soft gold. We're all gonna be rich!!!!!!!!!