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 in Glostrup.
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 300 and 500 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 five million mink skins along with other fur types are offered for sale. In the course of just five days of auctions, Kopenhagen Fur can sell skins for totalling over 260 million Euros. 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.