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Kopenhagen Fur, the world’s largest fur auction house, will close its doors within the next two years in what could signal the beginning of the end for the global fur trade.

Much of the world’s fur is traded via a handful of auction houses. Founded in 1930, Kopenhagen Fur acts as a broker for pelts produced in Denmark and around the world, including fox, chinchilla and karakul.

The Kopenhagen Fur auction house is a cooperative company owned by 1,500 Danish fur farmers. The disappearance of this globally important fur broker is likely to have a knock-on effect for producers in other European countries and beyond.

Source: Humane Society