Re: NAFA wild fur auction
[Re: wissmiss]
#6273575
07/05/18 11:04 PM
07/05/18 11:04 PM
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Joined: Apr 2014
Posts: 3,302 S/W Wisconsin
rpmartin
trapper
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trapper
Joined: Apr 2014
Posts: 3,302
S/W Wisconsin
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If you sent grey fox, wild silver fox and certain grades/sections of red fox - they were not offered on this sale. They are being held for the next sale - February 2019. You will receive a lotting letter on them on the first day of inspection. Which is about 7 months from now, give or take a few weeks.
It is too bad they did this but they did not have enough fresh goods to be put decent lots. Do they didn't.
For future reference, in the current state of the fur market, you should make every effort to get your fur on the middle sale. That is THE major sale of the year. The July sale (and the August sale in 2019) are clean up sales. The time to be buying not selling. Can you elaborate on why the 2nd sale is better than the 1st. To me it would seem the 1st sale would be where buyers would be restocking inventory and maybe willing to pay more to do so.
Life member, NRA, NTA, RMEF, Pheasants Forever. WTA,TTA,FTA,SA,GOA, member
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Re: NAFA wild fur auction
[Re: wissmiss]
#6273599
07/06/18 01:05 AM
07/06/18 01:05 AM
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Joined: Jan 2007
Posts: 16,706 north Idaho
wissmiss
OP
trapper
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OP
trapper
Joined: Jan 2007
Posts: 16,706
north Idaho
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I've attended NAFA sales for about 30 years. Since 1984. And I've seeen a lot of changes over that time in all aspects of how the auctions are organized and run. My current preference for selling at the 2nd sale is based on the fact that for the past 10 years or so, the first NAFA sale of each season has been a "testing the market" sale. Limited number of species offered and with in those species only certain grades. 2018 was a slight exception to that concept but they still didn't offer all species and all grades. What is offered at a wild fur sale determines what types of buyers show up. For example, if NAFA only offers coyotes, fox and cats, the mink, beaver and Raccoon buyers won't bother showing up. Yes, there are some wild fur buyers that will be at every sale no matter what is or isn't offered. They most likely live close enough to Toronto that a 7-10 day trip is easy for them to do. And most likely those buyers are there to follow the market for their customers. But there are a fair number of wild fur buyers that want to be able to buy a little bit of everything and they can only do that at the second sale - when all species and all grades are offered in the auction room. Often times st the first and third sale, misc goods are offered via PT. That means first come, first serve. Which is great for the first buyer in line but not so great for the sellers whose goods are being sold that way. An example - there was a certain grade of a certain species that was primarily bought back at the May sale. Some of those goods sold, in the PT room at the July sale, for less than 25% of the May value. Were those goods worth what they were asking in May? Probably not or they would have sold. Are they worth more than the heavily discounted price they sold for this week? Possibly but we will never go. Another factor is cost and time involved in attending a NAFA sale. Many of the smaller wild fur buyers are small business owners. They can't afford the expense or the time out of the office to attend every sale. So they pick the sale with the biggest and most diverse offering, which the past few years has been the second sale. It is like grocery shopping - you have a long shopping list and are really stocking up. Do you go to the neighborhood Mom and Pop store or do you go to Wal-mart or a large chain store. Yes, there have been times when prices at the first sale have been better than at the second sale, but that is the exception rather than the rule. And there is never any guarantee as to what next season will be like. Even with that unknown, I would want my goods on the second sale. I think I've rambled on a bit here but hopefully I've explained my reason.
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Re: NAFA wild fur auction
[Re: wissmiss]
#6273849
07/06/18 11:58 AM
07/06/18 11:58 AM
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Joined: Sep 2010
Posts: 6,616 NC, Orange Co.
QuietButDeadly
trapper
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trapper
Joined: Sep 2010
Posts: 6,616
NC, Orange Co.
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Muskrat and coyote PT so far are as close to presale as the live auction was for me at least. No low ball yet. Your mileage may vary.
Life Member: NCTA, VTA, NTA, TTFHA, MFTI Member: FTA NRA NWTF
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Re: NAFA wild fur auction
[Re: ThisIsNotaStep]
#6273902
07/06/18 01:28 PM
07/06/18 01:28 PM
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Joined: Jan 2007
Posts: 16,706 north Idaho
wissmiss
OP
trapper
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OP
trapper
Joined: Jan 2007
Posts: 16,706
north Idaho
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Asked NAFA reps at one of our conventions, you can ship anytime and specify what sale you want them sold at (and I think FHA will do the same). Easy way to clear out the freezer! Caveat, your bags won't be opened/graded till just before the sale you specified. In theory, that is supposed to be possible. It might work some times but I know of at least 2 instances where it didn't happen. First instance, the furs got sold on the next available sale. Second instance, the bag of beaver was lost for over a year. If you think about it, around last receiving dates there are multiple trucks pulling into Stoughton and thousands of bags of fur being unloaded. Trying to keep track of one or two individual bags is not top priority.
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Re: NAFA wild fur auction
[Re: wissmiss]
#6273927
07/06/18 02:09 PM
07/06/18 02:09 PM
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Joined: Apr 2014
Posts: 3,302 S/W Wisconsin
rpmartin
trapper
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trapper
Joined: Apr 2014
Posts: 3,302
S/W Wisconsin
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I've attended NAFA sales for about 30 years. Since 1984. And I've seeen a lot of changes over that time in all aspects of how the auctions are organized and run. My current preference for selling at the 2nd sale is based on the fact that for the past 10 years or so, the first NAFA sale of each season has been a "testing the market" sale. Limited number of species offered and with in those species only certain grades. 2018 was a slight exception to that concept but they still didn't offer all species and all grades. What is offered at a wild fur sale determines what types of buyers show up. For example, if NAFA only offers coyotes, fox and cats, the mink, beaver and Raccoon buyers won't bother showing up. Yes, there are some wild fur buyers that will be at every sale no matter what is or isn't offered. They most likely live close enough to Toronto that a 7-10 day trip is easy for them to do. And most likely those buyers are there to follow the market for their customers. But there are a fair number of wild fur buyers that want to be able to buy a little bit of everything and they can only do that at the second sale - when all species and all grades are offered in the auction room. Often times st the first and third sale, misc goods are offered via PT. That means first come, first serve. Which is great for the first buyer in line but not so great for the sellers whose goods are being sold that way. An example - there was a certain grade of a certain species that was primarily bought back at the May sale. Some of those goods sold, in the PT room at the July sale, for less than 25% of the May value. Were those goods worth what they were asking in May? Probably not or they would have sold. Are they worth more than the heavily discounted price they sold for this week? Possibly but we will never go. Another factor is cost and time involved in attending a NAFA sale. Many of the smaller wild fur buyers are small business owners. They can't afford the expense or the time out of the office to attend every sale. So they pick the sale with the biggest and most diverse offering, which the past few years has been the second sale. It is like grocery shopping - you have a long shopping list and are really stocking up. Do you go to the neighborhood Mom and Pop store or do you go to Wal-mart or a large chain store. Yes, there have been times when prices at the first sale have been better than at the second sale, but that is the exception rather than the rule. And there is never any guarantee as to what next season will be like. Even with that unknown, I would want my goods on the second sale. I think I've rambled on a bit here but hopefully I've explained my reason. Thank you for taking the time to answer my question. Very interesting and helpful information.
Life member, NRA, NTA, RMEF, Pheasants Forever. WTA,TTA,FTA,SA,GOA, member
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Re: NAFA wild fur auction
[Re: QuietButDeadly]
#6273973
07/06/18 04:24 PM
07/06/18 04:24 PM
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Joined: Aug 2010
Posts: 2,808 WI
handitrapper
trapper
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trapper
Joined: Aug 2010
Posts: 2,808
WI
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They moved the raccoon to Sunday. That way most of the buyers will have left and they won’t need to spend much time on them. Since there probably not gonna clear many.
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Re: NAFA wild fur auction
[Re: Tommie]
#6274181
07/06/18 10:25 PM
07/06/18 10:25 PM
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Joined: Jan 2007
Posts: 581 Northern Maine
Jeremiah Wood
trapper
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trapper
Joined: Jan 2007
Posts: 581
Northern Maine
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Are cats still selling on Saturday? Offered, yes. Selling? Probably not many in the auction. Other than the better coyotes, this one seems to be a bloodbath. Wissmiss - great points on the 2nd sale of the season. To me, it's actually the first 'real' sale, where all fur is offered. Seems like the selling season has been pushed back quite a bit over the years as the fur market has struggled. When I first started trapping 15+ years ago I believe there was at least one decent sale before the 1st of the year, and the cleanup was in May, right??
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