We have been holding our breath the past month checking the last of the big wild fur auctions and now the results are in.  The next to the last auction was the one by Fur Harvesters Auction Inc and muskrats averaged $12.15.  They had under 72,000 rats in that auction, but then most people have already sold or shipped to other auction houses by their May auction date.

The last auction was held this past weekend and muskrats were on the docket for Sunday…I had to wait until today to get the results…This is what the quote reads:

Over 300,000 muskrats sold 100% at the unbelievable, historically high price of $14.02 for the regular pelts and an overall average including lowgrades of $13.90.

The key words are “and an overall average including lowgrades of $13.90″…Low Grades are damaged furs, small hides and all the scruffy extra stuff that gets thrown into the pile.  We don’t have any of that in our 780 count.  We have the good stuff.

What does that mean for us?  I just talked to Bob and told him we should hold out for $11 on our top lot muskrats!  But then they are his rats and he will do whatever he wants, but nothing short of $12 for them at this point.  We have already held them this long and there isn’t any sense in letting them go for cheap.

The buyers from a month or so ago could have had them for $9 and would have made a whopping $5 profit…5 X 780 = $3900…They should be kicking themselves right square in the butt right now.

More to come as things unfold.

Bears Butt

June 4, 2013