World's Largest Fur Auction House, Kopenhagen Fur, To Close Within Three Years

Kopenhagen Fur (Copenhagen Fur), the world's largest fur auction house, announced in November 2020 that it would gradually cease operations and shut down completely within three years. This decision came after the Danish government ordered the culling of all minks in the country to prevent the spread of a mutated coronavirus strain found on mink farms. The company, a cooperative of 1,500 Danish mink breeders that accounted for 40% of global mink production, held significant auctions in 2021 and planned to scale down until its final closure. The Danish government's decision, lacking initial legal authorization, faced political and public challenges but ultimately signaled the end of Danish mink farming, aiming for a ban by 2022. The closure marked a significant shift for the industry, particularly affecting key markets like China and Hong Kong