Sable Prices Hit Record Highs

SANDY PARKER REPORT, VOL. 29, ISSUE 46, JANUARY 30, 2006
The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for more than four decades. For most of that time he has published a weekly newsletter, detailing results of international pelt auctions, wholesale price trends, business developments and movements in the trade, as well as economic and political activities that may impact on it.
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International Fur News
with Sandy Parker
Sable Prices Hit Record Highs
SABLE PRICES SOARED ANEW LAST WEEK under strong international buying pressure at Sojuzpushnina, with top Barguzin bringing close to $3,000 a pelt. The official report was not available at presstime, but buyers described prices as mostly 30% to 50% above those at last April’s sale, with some goods doubling. The top price paid for Barguzin was said to be $2,900, which veteran buyers called the highest ever recorded for Russian sable. The top bundle reportedly was taken by Tsoukas Bros. of Kastoria. The item has been in strong demand for trimmings, as well as garments and accessories and Russia has become the largest buyer for its domestic market. Other major buyers at the sale were Greece (largely for Russia), the U.S., Italy and China.
THE RECENT BEIJING FAIR HAS BEEN DESCRIBED AS QUITE SUCCESSFUL in terms of both attendance and business, but also from the standpoint of upgrading toward Western standards. In the absence of an official report, this year’s event – the 32nd annual – was said to have drawn more than last year’s 14,000 attendance. More Chinese and more foreign visitors and an expansion into a second building. Last year’s event featured 260 exhibitors in the China World Trade Center. There was said to have been more foreign buyers. Even the local exhibitors were described as more professional. The main activity still was in accessories such as hats, trimmed gloves and other small pieces, but sales of garments in Chinese furs – mink and wild – also were said to be good. Although European and North American mink are known to be moving well in China, this wasn’t seen at this fair, which caters mostly to smaller, neighborhood-type operators.
IN THIS ISSUE:
Skin Buyers Hit by Class Action
Ranchers Charge Bid-Rigging
Suits Parallel Otter Case
Threat to Marketing in U.S. Seen
Sable Prices Soar to New Peaks
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.
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