Five times a year, the Copenhagen auction house becomes an
international hub of fur experts and enthusiasts, where Chinese,
Greek, Russian, English, German, Korean and Japanese, among several
other languages, are spoken. At times, the hustle and bustle
resembles Copenhagen Airport during rush hour much more than a
Danish company in an otherwise tranquil residential neighbourhood
The excitement begins to build when the sales season kicks off -
with the first auction in December, when skins are newly pelted,
and ends in September, when the last skins are sold. Prior to each
auction, five to six inspection days allow customers to examine and
evaluate the skins. Each auction attracts between 500 and 700
customers from around the world.
At Kopenhagen Fur, the hammer price goes to the highest bidder,
setting the world market price for mink. At each of the five
auctions, up to 7.2 million mink skins along with other fur types
are offered for sale. Kopenhagen Fur can sell skins for
totalling over 260 million Euros during an auction. That translates
into a sale of over 3,000 Euros per second.
The Kopenhagen Fur auctions can be followed online with
real-time prices, where the buyers and fur farmers have private
access to their own personal data.