FRIDAY JANUARY 30, 2015 NAFA’s January Sale Emboldens Market Confidence NAFA’s January mink sale came to a close today, as it opened earlier this week, on an extremely positive and upbeat note, all of which helped to create new confidence in the market. The day opened with NAFA’s collection of Silverblue males, which sold at levels advancing up to 20% over the most recent international auction. This was followed by Silverblue females, selling at encouraging levels that were firm to slightly advanced. NAFA’s collection of White males also advanced 5-10%, while White females sold well at levels that were moderately advanced. NAFA’s intense marketing efforts in China and the rest of the world was a major factor in filling the auction room. While 400 buyers attended the auction, hundreds of Chinese furriers participated in the auction over the Internet using NAFA’s technology, at several major fur-buying locations across the country. All in all, NAFA’s January auction was a success for both buyers and sellers, and we would like to thank all who participated. Silverblue, Males (All) OFFERED SALES % TOP PRICE 67,674 98% $230.00 OFFERED 15,019 Silverblue, Males NAP > 1/1X Size SALES % 100% NAFA Collection Gold Silver Labelled VSL $126.68 $128.00 $123.36 $125.06 $114.98 $118.90 6X0 $126.68 5X0 $123.36 4X0 $116.16 000 $103.03 $103.03 $106.79 00 $85.15 $85.15 $83.52 Overall Average $107.76 $107.93 $112.52 $110.00 $110.00 The top lot of Silver Blue Male mink was purchased by Huaman Fur of China. Produced by Venus. 1 Silverblue, Males NAP > 2/2X Size OFFERED SALES % 14,001 100% NAFA Collection Gold 6X0 Silver Labelled VSL $122.00 $122.00 $118.16 5X0 $122.69 $127.21 $126.26 $120.64 4X0 $113.71 $112.75 $113.02 $108.02 000 $103.23 $98.36 $99.69 $96.15 00 $85.30 $79.86 $82.98 $77.20 $100.01 $96.39 1 $62.00 Overall Average $91.29 $62.00 Silverblue, Males NAP > 3 Size $96.51 OFFERED SALES % 11,834 95% 5 Star Collection 4 Star Labelled 4X0 5 Star $90.75 $85.77 000 $82.61 $82.01 $79.91 $66.44 $65.14 $72.44 $66.06 $62.00 $74.31 $73.28 00 $74.17 0 $66.06 VSL 1 Overall Average $68.18 $77.53 Silverblue, Males NAP > 4 Size OFFERED SALES % 26,820 98% 5 Star Collection 5 Star 4 Star Labelled VSL 4X0 $77.18 $73.53 $69.01 000 $69.78 $67.41 $65.75 $53.35 $52.33 $50.28 00 $62.48 0 $50.00 1 $46.65 Overall Average $52.13 $50.00 $46.65 $63.22 2 $60.37 $58.67 Silverblue, Females (All) OFFERED SALES % TOP PRICE 45,673 100% $190.00 OFFERED SALES % 7,847 Silverblue, Females NAP > 1/1X 100% NAFA Collection Size Gold Labelled VSL 00 $75.03 Silver $75.03 $75.96 0 $73.65 $73.65 $68.99 1 $67.17 $67.17 $63.38 2 $56.22 $56.22 $53.00 Overall Average $70.36 $70.36 $67.38 The top lot of Silver Blue Female mink was purchased by Meijiaxue Fur of China. Produced by Venus. Silverblue, Females NAP > 2/2X Size OFFERED SALES % 8,831 100% NAFA Collection Gold 00 Silver Labelled VSL $75.49 $75.49 $71.25 0 $72.96 $70.32 $70.98 $64.36 1 $65.69 $61.38 $62.50 $56.33 $49.88 $49.88 $48.44 $61.08 $62.39 $58.01 2 Overall Average $68.37 Silverblue, Females NAP > 3 Size 5 Star 100% Labelled VSL $61.10 $61.10 $62.88 $56.00 $56.80 $56.74 $51.71 $46.47 $46.47 $43.27 $56.00 $53.15 $53.25 $50.16 Silverblue, Females NAP > 4 Size 7,610 4 Star 2 Overall Average SALES % 5 Star Collection 0 1 OFFERED OFFERED SALES % 21,385 100% 5 Star Collection 4 Star Labelled VSL 0 5 Star $50.37 $50.37 $51.01 1 $44.94 $43.58 $44.75 2 $36.30 $35.18 $35.82 Overall Average $41.48 $40.26 $42.49 3 White, Males (All) OFFERED SALES % TOP PRICE 150,119 100% $200.00 While, Males NAP > 1/1X Size OFFERED SALES % 61,917 100% NAFA Collection Gold Silver Labelled VSL 5X0 $117.84 $112.00 $115.33 $112.00 4X0 $109.88 $109.10 $109.61 $109.30 000 $98.81 $98.81 $98.81 $99.99 00 $85.32 $84.60 $85.18 $84.27 0 $75.79 $72.59 $75.17 $73.71 1 $67.00 $62.60 $65.48 $62.00 Overall Average $92.71 $94.84 $93.25 $94.64 The top lot of White Mink — Male was purchased by Yannis Beinis for Karen Rizzi Pellicce of Dubai, UAE. Produced by David Dittrich. While, Males NAP > 2/2X Size OFFERED SALES % 51,870 100% NAFA Collection Gold Silver Labelled VSL 5X0 $116.00 $116.00 $108.00 4X0 $109.82 $109.25 $109.55 $109.45 000 $97.20 $97.16 $97.19 $98.71 00 $84.50 $83.44 $84.15 $78.41 0 $72.52 $70.04 $71.54 $69.74 1 $62.26 $58.44 $60.34 $58.00 Overall Average $88.96 $87.72 $88.48 $88.25 White, Males NAP > 3 OFFERED SALES % 25,068 100% 5 Star Collection Size 5 Star 4X0 $98.00 000 $87.32 00 0 4 Star Labelled VSL $98.00 $88.00 $80.58 $84.17 $84.00 $76.72 $69.70 $72.72 $66.91 $63.39 $53.56 $57.86 $50.36 1 $46.44 $49.12 $47.75 $46.00 Overall Average $65.44 $58.93 $62.01 $62.48 4 White, Males 117,260 NAP > 4 OFFERED SALES % 11,664 97% 5 Star Collection Size 5 Star 5 Star 5 Star 4X0 $80.00 $62.66 $66.59 000 $62.55 $56.32 $58.43 00 $55.23 $45.43 $49.21 0 $58.00 $38.95 $43.89 $40.00 $33.27 $33.27 $39.00 $48.91 $53.18 $39.25 1 Overall Average $62.63 White, Females (All) OFFERED SALES % TOP PRICE 103,951 100% $175.00 White, Females NAP > 1/1X 5 Star OFFERED SALES % 45,166 100% NAFA Collection Size Gold Silver Labelled VSL 00 $82.00 $84.00 $82.93 $76.00 0 $75.07 $73.99 $74.71 $71.55 1 $68.14 $65.74 $67.60 $64.04 2 $58.39 $56.55 $58.14 $53.07 3 $47.06 $42.67 $46.07 $37.25 Overall Average $64.10 $64.31 $64.14 $60.72 The top lot of White Female Mink was purchased by Maurizio Braschi for BRASCHI Boutique Vremena Goda of Moscow. Produced by Unicorn. While, Females NAP > 2/2X OFFERED SALES % 40,267 100% NAFA Collection Size Gold Silver Labelled VSL 00 $76.00 $84.00 $79.03 $73.00 0 $74.10 $71.50 $73.19 $68.01 1 $64.99 $64.70 $64.90 $60.02 2 $55.63 $53.56 $54.99 $49.06 3 $44.66 $37.07 $42.69 $41.31 Overall Average $59.76 $58.56 $59.40 $55.99 White, Females NAP > 3 Size OFFERED SALES % 15,202 100% 5 Star Collection 5 Star 4 Star Labelled VSL 0 $71.00 $56.04 $64.13 $60.00 1 $60.45 $54.96 $57.49 $54.91 2 $50.71 $48.34 $49.13 $45.59 3 $38.75 $37.33 $37.95 $35.83 5 Overall Average White, Females $51.46 $46.80 117,260 NAP > 4 Size $48.89 $44.87 OFFERED SALES % 3,316 100% 5 Star Collection 5 Star 4 Star Labelled VSL 0 $51.00 1 $50.00 $41.28 $43.46 2 $43.00 $34.84 $36.67 $40.00 $28.91 $28.91 $32.00 $34.01 $38.97 $36.45 3 Overall Average $48.49 $51.00 6