North American Fur Auctions’ principal business is the sale of raw fur pelts. The pelts are received on consignment from producers of ranched-raised furs and harvesters of wild furs. The fur pelts are sold to fur garment manufacturers and fur pelt dealers worldwide. The Company is the largest fur auction house in North America, and the third largest fur auction in the world.
The company currently handles Ranch Mink; Ranch Fox and all varieties of wild fur including Beaver, Raccoon, Sable, Muskrat, Wild Mink, Lynx, Lynx Cat Otter, Red Fox, and Coyote.
Fur consignments are sorted by the company according to type, size, shade, color and quality, and offered for sale at auction or by private treaty. Auctions are conducted several times each year in Toronto, Canada.
Attendance at auctions is international, with representation from the world’s major fur markets, which includes China and Korea in the Far East; Russia and Eastern Europe; the Western European centres of Greece, Italy, Germany and the UK; and the North American markets of New York, Montreal and Toronto. Customer support is drawn from the fur manufacturing and merchandising communities, who may be represented by brokers or agents. All buyers must be credit approved prior to participating in an auction. A buyer fee is charged on each auction purchase to cover the grading, cataloguing and auction services provided by NAFA, which include: auction catalogues; porter services; meals (breakfast and lunch); wireless internet access; telephone and fax services.
The company currently handles approximately 3.2 million North American Ranch Mink; and close to four million European Ranch Mink; North American Ranch Fox and all varieties of Canadian and American Wild Fur including Beaver, Raccoon, Sable, Muskrat, Wild Mink, Lynx, Lynx Cat Otter, Red Fox, and Coyote.
NAFA sells its fur pelts under the NAFA quality brand label and conducts a significant international advertising and promotion program for its NAFA brand in partnership with its customers and world renowned fashion designers.
NAFA’s corporate head office and auction facility is located in Toronto, Ontario with a satellite office in Winnipeg, Manitoba. NAFA’s U.S. head office, grading facility and pelt processing operation is located in Stoughton, Wisconsin. NAFA also has a state-of-the art grading facility in Poland and a European mink representative office in Holland.