Before each auction, the buyers have the opportunity to inspect
the skins for sale. The inspection typically lasts for 4-5 days. It
is an important part of the auction period, because the individual
lots for sale are not displayed during the auction itself. The
customers in the auction room have the sales catalogue only,
including their own notes, to guide them in their purchasing.
During the inspection the customers see a cross-section of the
skins only, the so-called showlots, which represent the many
millions of skins.
Five times a year, the auction house in Glostrup becomes an
international hub. Chinese, Greek, Russian, English, German, Korean
and Japanese is spoken in addition to several other languages. The
hustle and bustle at times resembles Copenhagen Airport during rush
hour sooner than a Danish company in an otherwise tranquil
residential neighbourhood in Glostrup.
The sales season with five annual auctions starts 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 inspect and evaluate the skins. Each auction
attracts between 500 and 700 customers from around the world.
At Kopenhagen Fur the hammer knocks for the highest bidder and
the hammer sets the world market price for mink. At each of the
five auctions, up to 7.2 million mink skins plus many 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.