North American Fur Auctions
North American Fur Auctions (NAFA), established in 1670, is the world's oldest fur auction house, originally rooted in the historic Hudson's Bay Company, which marketed premium furs from North America globally. Currently headquartered in Toronto, Canada, NAFA is navigating a creditor protection process while continuing efforts to realize remaining major assets to satisfy obligations to its secured creditors.
In April 2022, NAFA finalized the sale of significant assets, including its intellectual property and buildings in Poland and Wisconsin, under a court-approved asset purchase agreement. The organization remains committed to generating funds that can be directed toward its creditors while facing the challenges of the current fur market and its own financial circumstances.
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