NAFA – North American Fur Auctions – dated back to 1670, is the world’s oldest fur auction house. Today’s company, based in Toronto, Canada, is the outgrowth of the historic Hudson’s Bay Company (HBC), which was created to market the finest furs from North America to the world and established the first wild fur conservation measures over 200 years ago. The HBC operated out of London, England; Montreal, New York and Toronto from 1670 to 1992, after which time it became North American Fur Auctions. From the earliest days, the marketing of furs was done in a competitive environment, originally by a sealed bid and subsequently at public auction, in which the price level for each fur type was determined by supply and demand.
Today, NAFA continues these age-old traditions, and holds competitive public auctions three to four times per year as the principal method of selling the world’s largest and most diverse collection of wild fur from Canada and the United States, and the finest collection of ranch furs from the United States, Canada and Europe. Plus to that, during the past 30 years NAFA has endorsed and supported scientific research and the development of animal welfare best practices for ranched and wild fur production in North America and Europe.
June 7, 2017