Post by bogio on Mar 5, 2015 23:04:59 GMT -6
Since the close of season, a good share of my spare time has been in the shed putting up fur. This past Saturday was no exception and shortly after noon, as I was bent over the beam giving due diligence to yet another Iowa silky, I heard the mailman make a drop in the box. I took a break and went out to see what had been left and was surprised to find a check from NAFA. Now I haven't shipped any fur this season so I knew that they had sold some of the coyotes that were still languishing in their facility from last year.
Last year I had a friend who is also knowledgeable about fur help me select what was going to the sale. I had shipped rubs and generally poor coyotes before and knew what you could expect for them. We both agreed that the coyotes I was sending were all of good quality FOR OUR AREA and that I could expect a decent return for them. You can imagine my surprise when the lotting numbers came out and an appreciable number of my coyotes had been graded damaged or section III. What sold brought $2 to $7, some were withdrawn for lack of interest and some were not even offered. Nothing sold on the sale this spring so I figured they must have private treaty saled some of the survivors.
The check was for the sale of 4 coyotes. They brought $5.......TOTAL. After commission, I brought home a whopping $4.55. Not a real incentive to head back into the beam. Included with the check was the letter I have copied below:
-NORTH-AMERI-CAN FUR AUCTIONS INC. ~- '. - - .
65 Skyway Ave, Toronto, ON M9W 6C7 Canada I tel: +1.416.675.9320 I fax: +1.416.675.6865 I www.nafa.ca
February 16, 2015
Dear Shipper,
Onyour January Account Sale many of you will find that we have sold low-grades
that were collected and sorted and remained unsold from previous seasons. As I
have mentioned before, when the price of fur goes down, low-grade skins are nearly
impossible to sell and when sold, cannot be sold at a satisfactory level. When we
were provided with an opportunity to sell these low to no commercial value goods,
we decided it was in the best interests of all to do so. Our shippers and the company
do not profit from these types of skins in any transaction. It is much better not to
ship the low-grades than be unhappy with the price or have them in inventory for
months or even years.
It is our policy to refuse large shipments oflow-grades. I refer to Item 12 in our
conditions that every shipper receives or has access to.
12-We reserve the right to destroy any merchandise determined to have "no
~-- -- c-o-mm--e-rc-i~al--value" b-a-sed on current market conditions at the end of each selling __ , - -- --"'---------
season. The low-grades or Section III (DGD, III, IV) of all varieties are normally
difficult to sell or can only be sold for very little money. The reason is twofold, a
skin of this quality has limited use and the cost of dressing in relation to the price
of the skin is very high. Therefore we encourage you to discard badly damaged,
tainted, and summer skins rather than process them. Although these skins may
be a challenge to sell at times, our policy on all low-grades has been to sell these
types of skins freely into the market at the time of auction. We believe this is in
the best interest of our shippers and ourselves, since inventorying this type of
merchandise has never been beneficial to either one.
r
We do our very best to protect the integrity of all our assortments and try to attain
the best value as possible, unfortunately it's impossible for these types of skins.
We thank you for your continued support in an industry that can at times be very
difficult. It requires a lot of hard work from NAFAand its customers through
continued promotion, co-operation, and truly working together to succeed.
Herman Jansen
Managing Director
In addition to this letter was a summary of the sale that just took place. Naturally, what was of most interest to me was the coyote breakdown:
47,482 offered
Western/Heavy sold 100% with a $160.00 top and a $108.03 avg.
Western/Semi sold 100% with a $92.00 top and a $54.33 avg.
Eastern sold 97% with a $96.00 top and a $18.96 avg.
I understand that poor fur is hard to move but look at that Eastern avg. against it's top compared to the other two categories. I think they are trying to tell us something. If you are trapping coyotes east of the Missouri River, THEY DON'T WANT THEM. We are better off leaving them in the field as flooding the market with them. If you want to trap a saleable coyote, GO WEST YOUNG MAN!
Last year I had a friend who is also knowledgeable about fur help me select what was going to the sale. I had shipped rubs and generally poor coyotes before and knew what you could expect for them. We both agreed that the coyotes I was sending were all of good quality FOR OUR AREA and that I could expect a decent return for them. You can imagine my surprise when the lotting numbers came out and an appreciable number of my coyotes had been graded damaged or section III. What sold brought $2 to $7, some were withdrawn for lack of interest and some were not even offered. Nothing sold on the sale this spring so I figured they must have private treaty saled some of the survivors.
The check was for the sale of 4 coyotes. They brought $5.......TOTAL. After commission, I brought home a whopping $4.55. Not a real incentive to head back into the beam. Included with the check was the letter I have copied below:
-NORTH-AMERI-CAN FUR AUCTIONS INC. ~- '. - - .
65 Skyway Ave, Toronto, ON M9W 6C7 Canada I tel: +1.416.675.9320 I fax: +1.416.675.6865 I www.nafa.ca
February 16, 2015
Dear Shipper,
Onyour January Account Sale many of you will find that we have sold low-grades
that were collected and sorted and remained unsold from previous seasons. As I
have mentioned before, when the price of fur goes down, low-grade skins are nearly
impossible to sell and when sold, cannot be sold at a satisfactory level. When we
were provided with an opportunity to sell these low to no commercial value goods,
we decided it was in the best interests of all to do so. Our shippers and the company
do not profit from these types of skins in any transaction. It is much better not to
ship the low-grades than be unhappy with the price or have them in inventory for
months or even years.
It is our policy to refuse large shipments oflow-grades. I refer to Item 12 in our
conditions that every shipper receives or has access to.
12-We reserve the right to destroy any merchandise determined to have "no
~-- -- c-o-mm--e-rc-i~al--value" b-a-sed on current market conditions at the end of each selling __ , - -- --"'---------
season. The low-grades or Section III (DGD, III, IV) of all varieties are normally
difficult to sell or can only be sold for very little money. The reason is twofold, a
skin of this quality has limited use and the cost of dressing in relation to the price
of the skin is very high. Therefore we encourage you to discard badly damaged,
tainted, and summer skins rather than process them. Although these skins may
be a challenge to sell at times, our policy on all low-grades has been to sell these
types of skins freely into the market at the time of auction. We believe this is in
the best interest of our shippers and ourselves, since inventorying this type of
merchandise has never been beneficial to either one.
r
We do our very best to protect the integrity of all our assortments and try to attain
the best value as possible, unfortunately it's impossible for these types of skins.
We thank you for your continued support in an industry that can at times be very
difficult. It requires a lot of hard work from NAFAand its customers through
continued promotion, co-operation, and truly working together to succeed.
Herman Jansen
Managing Director
In addition to this letter was a summary of the sale that just took place. Naturally, what was of most interest to me was the coyote breakdown:
47,482 offered
Western/Heavy sold 100% with a $160.00 top and a $108.03 avg.
Western/Semi sold 100% with a $92.00 top and a $54.33 avg.
Eastern sold 97% with a $96.00 top and a $18.96 avg.
I understand that poor fur is hard to move but look at that Eastern avg. against it's top compared to the other two categories. I think they are trying to tell us something. If you are trapping coyotes east of the Missouri River, THEY DON'T WANT THEM. We are better off leaving them in the field as flooding the market with them. If you want to trap a saleable coyote, GO WEST YOUNG MAN!
