Bidders flying to North Bay to sit there and not bid on fur. That’s a problem!

Why are they there then? To buy fur in the PT room. That’s not an auction at all.

And why wouldn’t they bid on fur when it’s being offered? That’s what they’re there to do right?

These guys are drinking coffee and BS’ing with the other buyers, then when the sale is over they buy their goods in the PT room. Pat the workers on the back and see you later.

You havent been around long enough.JP.
Lots of times things get hot on the auction floor.
There is nothing left for PT so those that snooze lose.
The PT room is good in a down market to move some fur that is not in high demand

If you really want a lot and don't want to bid and wait to try to get it PT for min plus 10%, how do you guarantee somebody does not buy it ahead of you PT? What if lots around it get bid way up to the new valuation: it will be more than min plus 10% in the PT room.

I like to use this example when supporting PT sales.

You live in remote northern Alaska. You can go to the grocery store only two (2) times a year once in March and once in June. You have to do all your provisioning for the entire year on those 2 occasions. Everything you need - sugar, flour, salt, bullets, chewing tobacco, EVERYTHING!!

If you misjudge and run out of sugar in January, you are out of luck until March. No 7-11 to go to. No bush plane to bring you supplies. Nothing.

To my way of thinking, that is exactly like not having PT sales. A furrier has 2 chances to buy pelts. Tough if he doesn’t anticipate a last minute order like in Slick Pan’s scenario.

When I’ve used that example in the past, people have told me it’s not the same. Some one please explain to me why my grocery store scenario is not the same as no PT sales at FH.

I’m waiting…………

And again, unless FH lowers the value, no one will want them again. So they continue to sit.

And for that reason FH PT them and some will want them.

I can buy sugar from my neighbor who also shopped twice a year, but has extra inventory. Of course my neighbor will sell that sugar for more than he paid for it. Another middleman.

I suggest you buy more than you think you’ll need. Plan ahead, right?

If you buy more than you need, and you get a couple surprise orders and end up selling out. You’re rich!
Buy more on the next sale.

They got a big list of buyers registered for the auction-no need for pt most likely why they cancelled it.
More buyers than fur available.

I’m sure with no PT room, and if FHA holds true to that for years to come, someone or many will start a small business to sell fur on the side.
Buying the fur at the auction than selling it here and there.

Heck, they can name the business The PT Room.

That sounds good.

I think when we have that low of numbers and the prices at the levels they are some firms, buyers, brokers whatever we choose to call them can have a broker they know who is going bid and buy for them. If there is a firm that would hope to buy 2 million or so in fur and they will spend 30K traveling. What is it to them to buy say 20,000 more rats for someone else? They have the money and there is less overhead in the purchase. Sure they will pay a premium to the attending buyer but that door can swing both ways.
One can sure see the coon market is off with 15,000 coons on the sale!! 300,000 rats is more than I had thought they may offer, but it sure will let us know the price and the demand. High clearance would be more important to me for the future then say and added 50 cents or so on more limited numbers.
PT to me provides other options within that auction house that I feel are an advantage overall for me. With the auction house living on commissions they can only earn revenues when items are purchased or shipped or handled etc. I have only had 1 time when the PT sales were quite a bit below the auciton prices for similar fur. I have trusted financial planners and firms with my retirement funds for decades. There service to our family has returned us very well indeed. Some costs are investments. I sure don't get too bothered by a firm holding onto a few hundred dollars of my fur for a few month to a year or so.
Bryce

I think the rats are 3 years worth?

Mark, where to heck is my 100 bobcats I need ? Mark said sorry we cannot sell them to you we only have 5000 on hand and we are gonna hold them till March. But Mark, I said I would give you an extra 50k for those bobcats and you can split that with the seller. What do you suppose the seller is gonna say when Mark tells him, sorry we are not doing any private treaty sales now you will have to wait till the next March sale and your check will be mailed in May if we can get them sold then.

High clearance would be more indicative of a rising market,..that sounds good also.

After the sale if you call FHA you should get an automated answering machine. Next sale in 6 months, see you there!

I can 150% guarantee Mark is selling those 100 bobcats to me PT.

There you go! No need for capitulation. You want the fur,..buy it!

Didn't know FHA had a monopoly? Maybe groeny can oblige?

The thing is I have ways to contact Mark and so does every buyer who needs fur. There will be no see you in March when I want to buy $150,000 worth of cats.

Maybe you should of bought them on auction?