The mink auction apparently went exceptionally well. Asian buyers are accepting more responsibly produced skins, and that’s a good thing. Who in their right mind would want these quantities to be produced in China?
I suspect the dividend will be very generous again in the spring.
Saga Furs Oyj, Inside information 23 Sep 2026 at 12:00 noon
The sale of mink skins at Saga Furs’ auction, which began on September 17, concluded today, September 23. Nearly 400 buyers from all major markets participated in the mink auction. As is typical for the September auction, a large portion of the offering consisted of skins belonging to lower quality grades.
“The final mink auction of the season was exceptionally busy compared to previous September auctions, and it also drew new buyer demographics. All 3.9 million mink skins offered were sold, driven by fierce competition. Although the offering consisted mainly of lower-grade skins, the price level remained strong. Demand exceeded our expectations and capped off an excellent sales year for the financial period,” says Saga Furs CEO Markus Gotthardt.
China was the dominant market. Purchases were also made for South Korea, Turkey, Greece, and the European fashion industry.
The fox skin auction, which starts today, ends tomorrow, September 24, at which point the company will issue a stock exchange release covering the entire auction.