Results from the latest Fur Harvesters Auction show that demand for fur is bouncing back and that the NWT is still regarded as among the best source of high-quality fur in the world.
It is not surprising that the global fur trade has been challenged in the wake of COVID-19. Traditional live auctions in which international buyers can attend to inspect and feel the fur in their hands have been suspended. Instead, auctions have moved online. Like many, they have had to reimagine their business virtually.