Swakara a high-end luxury product – Klein

The previous weekend, Agra sold all the Swakara pelts it has sent to the Kopenhagen Fur auction in Denmark but the average price came down by 4% mostly due to a stronger Rand.
The average price per skin decreased from N$485.96 in April this year, to N$466.25.
The pelt offer consisted of 30,702 black, 9334 white, 3137 grey, 631 brown, 2117 spotted and 505 diverse pelts.
The top white Swakara fetched N$1823.81 (DKK 840) for a lot of 50 KF Selected Extra pelts, purchased by Etherion Furs from Kastoria, Greece. The top black pelts fetched N$1780.38 (DKK 820), for a lot of 68 O Light Selected Extra pelts, bought by Katharina Hasse from Russia.
The pelt offer was bought by 27 buyers with other prospective buyers bidding, but not being successful. The biggest buyer of Swakara was the company Morisco from Denmark which purchased 13,203 pelts. The Danes were followed by buyers from Greece with the agents from England in third place. More Chinese customers were visible at the inspection and auction, and 2110 pelts for China were bought through agents.
Mr Arnold Klein, Agra’s CEO, who attended the auction noted that Swakara remains a high-end luxury product. “As evident from the auction house, white pelts are still in demand but at lower prices for the top pelts. However, the prices of black and spotted pelts increased slighty,” he explained. On the auction results, Klein said: “Swakara perfomed well, considering that the overall fur market situation is still very difficult due to the global economic challenges experienced by Russia, Greece and China.”
The top Namibian producer is Karasberge Karakoel Stoet Wit, who achieved an average price of N$856.04 for 304 pelts.
The top South African producer is LJ Kotze from Groblershoop who sold 574 pelts at an average price of R606.74.

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