Buying at NAFA

NAFA is the largest fur auction house in North America. The Company holds competitive auctions three to four times per year at our headquarters in Toronto, Canada. Currently, NAFA sells over ten million ranch-raised mink pelts annually. In addition, NAFA offers the world’s fur buyers the largest and most comprehensive collection of high quality Wild Fur along with an extensive collection of ranch-raised Fox. NAFA also sells goods privately through our Private Treaty Department.

Registered buyers can access their account information with NAFA by clicking on the LOGIN link, on the top right side of this page. Prospective buyers should contact NAFA’s Buyer Services directly by phone/fax or email prior to the sale as they will need to open a numbered account, as well as provide credit information and a 35% deposit in advance of the sale.

To update your contact information visit Keep In Touch With NAFA or click HERE!

New Buyers
The Process
Conditions of Sale
Payments
NAFA Labels
New Buyers

Why should you come to NAFA auctions?

We are the world’s largest ‘shopping mall’ for fur. Only at NAFA can you purchase the complete spectrum of ranch and wild fur species. Our auctions include:

  • The world’s largest quality offering of NAFA labelled mink including North American raised Black and Mahogany mink as well as Demi-Brown mink.
  • Our internationally recognized collection of NAFA labelled mutation mink: Blue Iris, Sapphire, Violet, Pearl, Pastel, White and Silverblue.
  • The most extensive, diverse and high quality offering of Wild Fur in the world: Raccoon, Beaver, Coyote, Fisher, Otter, Lynx, Lynx Cat, Can/Am Sable, Wild Mink, Red/Cross and Grey Fox, Musquash, as well as Squirrel, Ermine, Badger, Opossum, Nutria, Ringtails, Skunk, Bear, Wolf and Wolverine.
  • A superior and growing collection of ranch-raised Fox.

New Accounts

First time buyers to NAFA will need to open an account with Buyer Services. The prospective buyer should contact Buyer Services directly by phone/fax or email prior to the sale. In addition to providing credit information, a 35% deposit will be required to be received in advance of the sale. This amount is calculated on the client’s intended dollar amount of purchases. The deposit may be sent by check, wire transfer, or by Letter of Credit opened by an approved bank.

All purchases not paid in full by Prompt Date require a minimum deposit of 35% of the invoice value to be received by Prompt Date. Goods will be held in accordance with the current clearance requirements published in the front of every auction catalogues. Storage charges and interest on the unpaid invoice balance will be charged from the Prompt Date at the established rates.

 

The Process

700x200-the-process

Buying goods at NAFA

A buyer may act on his own behalf in the auction room, provided that an account has been established in good standing with the auction house prior to the start of the sale. A buyer may also be represented by a professional fur broker acting on their behalf, who will subsequently transfer the purchased lots to the buyer’s account.

The majority of our product is sold through our auctions.  All bids and quoted prices are in U.S. Dollars.  All goods are EXW from our facility in Toronto and are subject to auction fees and packing and handling charges at published rates.

Goods that are unsold after an auction are available for private sale (subject to the same conditions of sale, fees and charges) through the Private Treaty department either in person, by phone/fax, email via the NAFA website.

The final price announced by the auctioneer (referred to as the ‘hammer price’) appears on the invoice.  Auction and packing fees are added to the total on the invoice.  The NAFA invoice does not include freight and broker charges, which are the responsibility of the buyer.

The Auction Process

Fur pelts are sold as a selected group bundled into a ‘Lot’.  The number of pelts in each Lot is different for variety, depending on fur species, gender and size.  A number of Lots of the same description will be grouped together as a ‘String.’  A String can be a single Lot, or several – there is no limit to the number of Lots that can be in a String.

In order for buyers to make an informed purchasing decision, each String must be inspected. Our graders randomly extract a small number of pelts from all Strings offered, and these are bundled to form the ‘Show Lot’.  These Show Lots are on display and available for buyer inspection for several days preceding the auction. NAFA has porters on hand to help with the inspection process.  Buyers mark their catalogues according to their assessment of these Show Lots and use this information to guide their decisions in the auction room.

During the auction, the first Lot of each String is announced and appears on the ‘Lot Board’, an overhead screen which displays all essential information.  All bidding is done in U.S. dollars, starting at pre-determined values or limits and increasing by increments depending on the fur type and price level (once bidding of any species reaches certain levels however, the increments of the bid increases).  Once sold, the buyer number is recorded by the auctioneer, as well as being entered immediately into the NAFA invoicing and accounts system from the auction stand.  This innovation enables NAFA to speed up the invoicing and accounting procedures.

The starting price is determined by the auction house, which reserves the right to not sell below a set figure.  Limits may also be set by consignors, who may indicate to NAFA not to sell particular Lots below a certain price.  These Lots are called “Full Lots” and only contain pelts supplied by that consignor.

Buyers can pick up print-outs of their purchases and arrange for invoicing at the Buyer Services counter. Registered buyers can also create their invoices and view purchases through our website.   Using these listings, buyers can verify their purchases and indicate how to invoice all purchased Lots using an additional form.  As well, Shipping forms and Banking information are available.

Buyers who are represented by a broker can examine details of their purchases online through their registered account on the NAFA website as soon as they are transferred into their account by the broker.

Any errors discovered by a buyer should be brought to the auctioneer’s attention immediately, so that the disputed lots can be offered back to the room at once.  Mistakes discovered later are harder to rectify, and are the property of the buyer unless the auction house is successful in placing the pelts elsewhere.

Conditions of Sale

Conditions of Sale

2017-Conditions-of-Sale-ENG-PDF

1. GENERAL
(i) In these Conditions, the following expressions shall have the meanings respectively assigned to them and in each case apply to any sale by the Company whether at auction or by private treaty:

(a) ‘Company’ means North American Fur Auctions Inc.
(b) ‘Auctioneer’ means the person who has the conduct of the auction on behalf of the Company;
(c) ‘Lot’ means each lot of goods offered for sale by the Company;
(d) ‘Vendor’ means any person who is the whole or part owner of any Lot;
(e) ‘Purchaser’ means any person (whether acting on his own behalf or as agent for another) to whom a Lot is sold by the Company and, where the context so admits, any Transferee of that Lot;
(f) ‘Auction Purchase Confirmation’ means the written confirmation of sale to be issued by the Company pursuant to Clause 4 or Clause 5 hereof (as the case may be);
(g) ‘Transferee’ means any person to whom the benefit of any contract sale is assigned by the Purchaser in accordance with these conditions;
(h) ‘Prompt Day’ means the day appointed by the Company as the day on which the Purchaser is required to pay for a particular Lot.

(ii) All Lots are offered for sale and sold by the Company, whether at auction or by private treaty, solely upon the terms of these Conditions, and neither the Vendor or the Company shall be bound by any other condition, provided that Clauses 2, 3 and 4 shall be inapplicable to sales by private treaty and Clause 5 shall be inapplicable to sales at auction. Any purchaser bidding at the auction hereby in every respect acknowledges the acceptance of these Conditions of Sale. In the event that a purchaser bids on behalf of another individual or legal corporate entity, he/she accepts that the individual/legal corporate entity on behalf of whom the bid has been made, accepts these Conditions of Sale in every respect.

2. QUALIFICATION TO BID
Any person intending to bid or to purchase at any auction conducted by the Company shall, at least 24 hours prior to the commencement of the auction, comply with such requirements as the Company may impose (including, without limitation, making such arrangements for payments as the Company may require).

3. CONDUCT AT THE AUCTION

(i) The Vendor may, by himself or by his agents:

(a) fix a reserve price for any Lot; and/or
(b) bid for any Lot.

(ii) The Company may bid for any Lot as a principal or as agent for the Vendor or any prospective purchaser.
(iii) The Auctioneer may, without assigning any reason therefore, refuse to accept any bid by any person.

4. CONCLUSION OF THE CONTRACT (AT AUCTION)
(i) The Contract of Sale for any auction shall be concluded by the fall of the hammer on that Lot. The person who makes the highest bid for a Lot which is accepted by the Auctioneer prior to the fall of the hammer on that Lot shall be the Purchaser of that Lot at the price so bid.
(ii) If, during any auction, there is a dispute in respect of the sale of any Lot (whether between the Company and a bidder or between bidders), such dispute shall be settled as the Auctioneer in his absolute discretion thinks fit and his decision shall be final and binding on the parties. Without limitation, the Auctioneer may, notwithstanding sub clause (1) above, re offer for sale any Lot which is the subject of dispute.
(iii) Not later than the end of the business day following the auction, the Company will issue and make available to the Purchaser an Auction Purchase Confirmation (the “Confirmation”) identifying all Lots purchased at the auction. Purchasers must collect the same at the General Office of the Company and confirm their purchase before the end of that day. If any Confirmation has not been collected by the end of that day, the Company may (but shall not be bound to) send it to the person identified therein as the Purchaser in such a manner as it, in its absolute discretion, thinks fit.
(iv) Where the Confirmation is made out in the name of the Purchaser, then, unless he proves to the satisfaction of the Auctioneer not later than the end of the second business day following the auction that there is an error in the Confirmation, the Confirmation, whether collected by the Purchaser or not, shall be deemed as against him to be conclusive evidence that he purchased the Lot upon the terms set out therein and he shall accept and pay for the Lot accordingly.
(v) Where the Confirmation is made out in the name of a person other than the Purchaser, or no Confirmation is issued in respect of a particular Lot, then, unless the Purchaser notifies the Auctioneer in writing of the error not later than the end of the second business day following the auction, the Purchaser shall have no claim against the Company for non delivery of the Lot.
(vi) Notwithstanding the foregoing provisions of this Clause, the Company shall at any time be entitled to correct or revise any Confirmation if necessary to correct any error within.

5. CONCLUSION OF THE CONTRACT (BY PRIVATE TREATY)
(i) Any contract for the sale of a Lot by private treaty shall be concluded at the moment that the parties reach agreement (whether oral or written) thereon.
(ii) Not later than the end of the business day following such agreement as aforesaid, the Company will issue and make available to the Purchaser a written Confirmation in respect thereof (each such Confirmation covering one or more Lots). The Purchaser shall collect the same at the General Office of the Company before the end of that day.
(iii) Where the Confirmation is made out in the name of the Purchaser, then, unless he proves to the satisfaction of the Company not later than the end of the second business day following the issue of the Confirmation that there is an error in the Confirmation, the Confirmation shall be deemed as against him to be conclusive evidence that he purchased the Lot upon the terms set out therein and he shall accept and pay for the Lot accordingly.
(iv) Where the Confirmation is made out in the name of a person other than the Purchaser, or no Confirmation is issued in respect of a particular Lot, then, unless the Purchaser notifies the Company in writing of the error not later than the end of the second business day following the date of the alleged agreement, the Purchaser shall have no claim against the Company or the Vendor for non delivery of the Lot.
(v) Notwithstanding the foregoing provisions of this Clause, the Company shall be entitled at any time to correct or revise any Confirmation if necessary to correct any error therein.

6. TITLE AND RISK
(i) Risk in any Lot shall pass to the Purchaser on conclusion of the Contract of Sale of that Lot.
(ii) Title to any Lot shall only pass to the Purchaser when he has paid in full the price, the auction or brokerage fees, the packing/handling fee, any applicable interest, storage and insurance charges and all other sums due to the Company in respect of that Lot.

7. AUCTION FEE/BROKERAGE FEE
The Purchaser shall pay to the Company an auction fee and a packing/handling fee at the rate set in the applicable Auction Sales Catalogue published by the Company, or where there is no such catalogue a brokerage fee at the rate from time to time charged by the Company. Such fees shall be payable whether the Lot is sold by auction or by private treaty.

8. PAYMENT AND SECURITY INTEREST
(i) The Price, the auction or brokerage fee and the packing/handling fee due in respect of the Lot shall be paid to the Company by 3.00 p.m. on the Prompt Day or, where there is no Prompt Day appointed by the Company in respect of a particular Lot, within fifteen business days after the conclusion of the Contract of Sale relative thereto. All interest, storage and insurance charges, and all other sums of money due to the Company or Vendor in respect of the Lot shall be paid to the Company on demand. A receipt for such sums of money will be issued by the Company if the Purchaser so requests.
(ii) All sums payable hereunder by the Purchaser shall be paid in such a manner that the Company is actually put in funds by the time stipulated for payments and, for all purposes hereof, any sum shall be deemed to have been paid only when the Company is actually put in funds in respect thereof.
(iii) All funds payable hereunder shall be in terms of U.S. dollars, and New York Clearing House Funds. The Company will accept Letters of Credit in payment of goods only in its sole discretion and only if negotiable “at sight” in funds aforesaid.
(iv) The Company may at any time require the Purchaser to pay a deposit equal to such proportion of the price as the Company may in its absolute discretion stipulate.
(v) If a Purchaser fails to pay any sum due to the Company or the Vendor on its due date, or commits an act of bankruptcy, or goes into liquidation, or becomes insolvent, or makes an arrangement with his creditors, or suspends payment then with respect to any Lot or Lots to which title has not passed to the Purchaser, in accordance with sub clause 6(2) the Company shall have the right in addition to any other rights that the Company may have, without notice to the Purchaser or any other formality unless required by law:

(a) to retain the Lot free from any claim of the Purchaser, in which case all deposits or payments made by the Purchaser in respect of such Lot shall be forfeited by him to the Company; or:
(b) to resell the Lot, either by auction or private sale, and to retain the proceeds thereof and in addition to recover from the Purchaser the full amount on any deficiency on such resale, together with all related expenses and charges including, without limitation, the auction fee on the original sale and storage, insurance and interest at the prevailing rates, all calculated from the Prompt Date; or
(c) to hold the Lot for the account of the Purchaser and to recover from him the full amount owing in respect thereof.

(vi) Interest shall be chargeable on a day to day basis at such rate as the Company from time to time may publish, as well after as before judgment, on all sums from time to time due and payable from the Purchaser to the Company or the Vendor until such time as those sums are recouped by the Company.
(vii) Any money or merchandise, including proceeds from the sale thereof, deposited with or held by the Company for the account of any Purchaser or Transferee, or any other sum existing as a credit on such account, or any collateral or security of any nature given to secure any indebtedness to the Company may be applied by the Company.
(viii) Until full payment of all sums owing by the Purchaser is received by the Company, the Company shall retain possession of all goods purchased by the Purchaser. Purchaser hereby grants the Company a security interest in all pelts or furs purchased, or hereafter purchased, and the products and proceeds thereof to secure payment of all sums owed by the Purchaser, and remaining unpaid on the Purchase, charges provided herein, and any other indebtedness owed by the Purchaser to the Company.

9. TRANSFER
(i) The Purchaser may apply to the Company for the benefit of any Contract of Sale to be transferred to a third party. Such application should be made on a Transfer Form provided by the Company for that purpose. Any application accepted by the Company which is not made on a Transfer Form shall be treated in all respects as if it had been made on a Transfer Form and the parties shall be liable accordingly. The Company may, in its absolute discretion, accept or reject an application without assigning any reason therefore. The Company may require any applicant Transferee to provide such evidence of qualification to purchase as the Company may in its absolute discretion require.
(ii) The Transferee shall undertake full liability to the Company and the Vendor for the payment of all sums due in respect of each Lot so transferred.
(iii) Notwithstanding the acceptance by the Company of an application for the transfer of any Lot(s), the Purchaser of any Lot(s) bought on behalf of a Transferee, as the Transferee’s duly authorized broker or agent, shall no longer be liable for any purchased Lot(s) once a 35% deposit has been paid on or before Prompt Day.

10. DELIVERY
(i) The sale of all lots is EXW the Company’s warehouse/storage facility. Upon payment by the Purchaser of all sums due to the Company and the Vendor in respect of a Lot (including without limitation any interest due thereon pursuant to sub clause 8(vi) hereof and any insurance charges due thereon pursuant to sub clause 11(i)(c) hereof and upon presentation of a delivery order signed on behalf of the Purchaser), the Purchaser shall be entitled to collect the Lot.
(ii) If the Company receives a request from the Purchaser to forward any Lot otherwise than as contemplated in sub clause (1) above, the Company may respond to such request in such manner as in its absolute discretion it thinks fit and without assigning any reason thereof.
(iii) The Purchaser may upon giving notice thereof to the Company, superintend the counting and weighing of the Lot prior to its packing and dispatch.
(iv) Packing will be undertaken and charged at the Company’s standard rates from time to time in force.
(v) All packing and forwarding instructions shall be given in writing and the Purchaser shall bear all increased expenses occasioned by such instructions.

11. STORAGE
(i) If the Company agrees that a Purchaser may leave a lot uncollected and that the Company will store the same in its warehouse, such storage will be upon the terms that:

(a) the risk in the Lot remains solely with the Purchaser (irrespective of any negligence on the part of the Company, its servants or agents);
(b) the Company will arrange for the Lot to be insured against fire and burglary to an amount not exceeding the price of the Lot and otherwise upon the terms from time to time of the Company’s insurance policies in that regard; and
(c) the storage will be charged to and paid for by the Purchaser at the Company’s standard warehouse rates from time to time in force (details of which are available upon request).

(ii) Should the Purchaser fail to pay any sums due pursuant to the foregoing sub clause (11)(i), the Company shall be entitled to exercise its power under sub clause 8(v).

12. EXCLUSIONS

(i) All conditions and warranties, whether expressed or implied by statute, common law or otherwise as to the description, condition, quality, merchantability or fitness for any purpose of any Lot are hereby expressly excluded.
(ii) The Company and the Vendor accept no liability for any errors in the marks, description or quality set out in any catalogue or wherever otherwise indicated to the Purchaser.
(iii) Without limitation of sub clause (ii) above, no liability is accepted by the Company or the Vendor in respect of any indication as to the quality of a Lot given in any catalogue or elsewhere.
(vi) The Company and the Vendor shall be under no liability to the Purchaser for any loss of whatsoever description suffered by the Purchaser by reason of any misdescription of or defect in any Lot, irrespective of whether any such loss was caused by negligence on the part of the Vendor, the Company, or any of their servants, agents or otherwise.
(v) While the Company has endeavoured to ensure that each bundle is representative of its respective Lots, the Company gives no undertaking that bulks or Lots have been equalized.

13. STRIKES, ETC
If the company is prevented from carrying out the delivery or any other obligations thereunder by reason of strike, disturbances, intervention, by authority or other incident reasonably beyond the normal control of the Company the purchaser shall be discharged from any liability towards the Company, which liability the purchaser shall be obligated to fulfill as soon as the hindrance has ceased.

14. COMPANY’S RIGHTS
The Company shall, in addition to the foregoing, have all the rights and remedies available to it under the Uniform Commercial Code and other applicable law.

15. SUBMISSION TO LOCAL JURISDICTION
The bidder in making his bid and/or purchase consents to be subject to the laws of the Province of Ontario, Canada with respect to all matters related in any way to such transaction and/or his general account with the Company; and further consents that service of process or any other application to such court and/or any other paper pertaining thereto may be made accordingly on or by the bidder or purchaser by registered mail or by personal service outside of Ontario, Canada or in any manner otherwise provided under the laws of Ontario, Canada.

REV. 01/13/2016

 

Payments

Payment Instructions

Buyer Charges & Payment Requirements February 2017

RMB Denominated Auction Payments 2017

Fund Transfers


Letters of Credit

All shipments are Ex Warehouse Toronto unless otherwise noted.

Please email or fax your application to our Buyer Services Department.

Do not hesitate to contact NAFA Buyer Services.

NAFA Labels

NAFA Quality Labels

NAFA labels represent the finest collection of luxury furs in the world. Only furs sold through NAFA and graded by NAFA’s expert technicians can carry a NAFA quality label. The NAFA family of labels includes Black NAFA, NAFA Mink, NAFA Fox and NAFA Northern, all of which have been showcased in the top fashion and lifestyle magazines in Italy, North America, Russia, Greece, Korea and China.

Garments carrying one of NAFA’s four quality labels provide consumers, designers and manufacturers alike the confidence that the furs used have met quality and environmental standards. In addition, every NAFA label includes a unique security fibre that is woven through the label and allows the verification and authenticity of the furs associated with it.

Label Allocation

All label requests should be made at the time of clearance of goods. Labels can be shipped with the furs or shipped separately by special request.

Labels will be issued for the current year only and will be distributed as follows:

  • 1 Black NAFA or NAFA Mink label is given for 12 Male Mink skins.
  • 1 Black NAFA or NAFA Mink label is given for 17 Female Mink skins.
  • 1 NAFA Fox label is given for 5 Silver Fox skins.
  • 1 NAFA Northern label is given for 15 Beaver, Lynx, Coyote, Grey Fox or Otter skins.
  • 1 NAFA Northern label is given for 20 Lynx Cat, Red Fox, Fisher and Raccoon skins.
  • 1 NAFA Northern label is given for 40 Can/Am Sable skins.
  • 1 NAFA Northern label is given for 50 Wild Mink or Musquash skins.

NAFA Specialty Labels

NAFA Specialty Labels give consumers the confidence that the fur trims and accessories they have selected meet quality and environmental standards.

Specialty NAFA Labels are available only by special request.


How to Order NAFA Labels

Please note that all label requests should be made at the time of clearance of goods. Labels can be shipped with the furs or shipped separately by special request.

If you require labels to be sent to a separate destination or via courier, please scan and email the completed label order form below to blacknafa@nafa.ca.

Order-NAFA-Labels-PDF

Please be advised that due to the high cost of freight and duties in many countries, labels shipped via courier directly to customers will be shipped either COD or Prepaid by NAFA and charged to your NAFA account.

For all additional label inquiries and requests, please contact Black NAFA or Buyer Services.

Thank you for your continued support of NAFA.