The Value Of Fur: Are Furs Still Worth It?

Fur coats have long been associated with wealth and luxury. They are expensive and rare, with older, well-maintained coats often being the most valuable. However, the value of a fur coat depends on several factors, including its age, condition, type of fur, brand, and whether it is made by a known designer. The depreciation in value over time, changing trends and ethical concerns about animal cruelty have also contributed to a shift in demand towards modern fur coats, which are lighter, softer, and more colourful.

The value of a fur coat decreases over time

Fur coats have long been associated with wealth and luxury, and their value is tied to various factors such as the type of fur, craftsmanship, brand, and quantity of fur. However, the value of a fur coat decreases over time, and it's important to understand this depreciation when considering buying or selling one.

Firstly, it's crucial to recognise that fur coats are subject to depreciation like most other articles of clothing. From the moment you purchase a fur coat, its value starts to diminish. This is an important consideration when investing in a fur coat, as it may not be a wise financial decision if you're looking for an item that will increase in value over time.

The rate of depreciation for fur coats can be quite significant, ranging from 18% to 25% each year. This means that a fur coat will lose a substantial portion of its value annually. For example, a fur coat with an initial value of $1000 could lose up to $250 in value after the first year and continue to decrease in value in subsequent years. Therefore, the longer you wait to sell your fur coat, the less valuable it becomes.

Additionally, fur coats require proper care and maintenance to retain their value. Furs like chinchilla, rabbit, and beaver are particularly susceptible to damage and decay over time if they are not properly cared for. Even with proper care, fur pelts can dry out and lose their quality, impacting the overall value of the coat. The visible signs of wear and tear on a fur coat will also contribute to its decreasing value.

The style and design of vintage fur coats may also contribute to their decreasing value over time. With fashion trends constantly evolving, the styles and colours of vintage fur coats may become outdated and less desirable to potential buyers. Modern fur coats tend to be designed with softer materials, lighter weights, and more appealing colours, making them more sought-after than their vintage counterparts.

Furthermore, the market demand for fur coats has shifted towards animal-free alternatives. Many major brands have moved away from using real fur due to ethical concerns and rising animal cruelty awareness. This shift in consumer preferences has led to a decrease in the demand for real fur coats, further contributing to their declining value over time.

In conclusion, while fur coats may still hold some value, it's important to recognise that their worth decreases with time. If you're considering selling a fur coat, it's advisable to act sooner rather than later to maximise its value. Obtaining a professional appraisal and utilising specialised reselling platforms can help you navigate the process effectively and ensure a more successful sale.

The type of animal skin and quality of fur determine its value

The value of a fur coat is determined by the type of animal skin used and the quality of the fur. The type of fur is one of the most important factors in determining the value of a fur coat. Different types of fur have different prices, with some being more expensive due to their rarity. For example, sable, chinchilla, and lynx furs are considered rare and, therefore, more costly. On the other hand, mink and fox furs are more readily available and less expensive.

The quality of the fur is another critical factor. High-quality fur is dense, thick, soft, and tender. It should also be free of any damage or wear, as these can significantly reduce the value. Proper care and storage of the fur coat are essential to maintaining its quality over time. Fur pelts can dry out if not properly cared for, leading to a decrease in value.

The style and colour of the fur coat also influence its value. Vintage fur coats, for instance, tend to have longer tails and thicker fur in more muted colours. In contrast, modern fur coats are designed with comfort in mind, featuring softer velvety colours and shorter, more stylish cuts. White or cream-coloured coats are currently considered the most valuable, particularly for formal occasions.

The cost of raw materials and the quantity of fur used in a garment also play a role in determining its value. The more skins needed to create a coat, the higher the price. Additionally, the presence of a hood or voluminous collar can increase the cost. The quality of manufacturing is another critical factor, as proper processing ensures the fur's longevity and beauty.

Proper care is required to maintain the value of a fur coat

Fur coats are expensive and have long been considered a symbol of wealth and luxury. While vintage furs are generally less valuable than modern furs, they can still be worth a lot of money. However, their value depends on their quality and how well they have been cared for. Therefore, proper care is essential to maintaining the value of a fur coat.

Professional Cleaning

Fur coats should be professionally cleaned at least once a year, even if they are not worn often. Animal hides can dry out and animal fur gathers dust, oils, and odours. Professional cleaning will add lustre and shine to the fur and prevent shedding. It is important to note that fur coats should never be washed at home or put in a washing machine, as this can permanently damage the coat.

Storing

Fur hates heat. The optimum storage temperature for natural fur is 45 degrees Fahrenheit and 50% humidity. In fur storage vaults, the room is dark, preventing bleaching and fading of the colour. Moths and other insects cannot survive at this temperature. Furs that are properly stored during hot weather can last up to 50 years or more. If you are not using a professional storage facility, it is important to keep the fur in the coolest, darkest closet possible and to check frequently for insect activity, especially moths.

Hanging

It is important to choose the right hanger for your fur coat. It should always be hung on a broad, sturdy, padded hanger to prevent the shoulders from losing their shape. The neck of the hanger should be long enough to keep the collar away from the hanging rod.

Protecting from Dust

If you are not wearing your fur coat every day, use a 100% cotton bag to keep dust out of the fur. Do not hang your fur in a plastic bag, as it needs air circulation to prevent the hide from drying out and cracking.

Preventing Damage

Avoid leaving jewellery, like a brooch, pinned to your coat, as it can mat the fur. When wearing your coat, do not use a shoulder bag consistently, as it can wear away the fur and leave a bald spot. Wearing a scarf can prevent body oil and makeup from soiling your coat collar. Avoid using hairspray or applying perfume when wearing your coat, as the formulas of most brands contain alcohol, which can dry the hides.

Removing Stains

Removing stains on a natural fur coat should be handled by a professional dry cleaner. If you have a fresh stain on your fur coat, quickly dab it with a clean cloth and then gently blot it with a slightly damp cloth. Do not use stain remover or detergents on fur.

Preventing Crushing

If you will be sitting for a long period, it is best to take your coat off to avoid crushing the fur. If you cannot remove the coat, try to change positions often so that the fur is not crushed in one particular spot.

Eliminating Excess Moisture

If your coat gets caught in light rain or snow, simply shake out the fur to remove as much water as possible, then hang it to dry in a well-ventilated room. Do not use a blow dryer, clothes dryer, or any direct heat on the fur. After it is dry, shake again to fluff the fur.

Fur coats are subject to animal cruelty concerns

In the wild, animals are trapped and left to suffer for days without food or water, caught in traps that cause immense pain and injury. The fur industry is responsible for the deaths of approximately 100 million animals each year, with more than half of the fur in the US coming from China, where dogs and cats are bludgeoned, hanged, bled to death, and skinned alive. Chinese fur is often mislabelled, so consumers may be unaware that they are wearing the skins of these animals.

The inhumane treatment of animals in the fur industry has led to a growing movement towards fur-free alternatives. Many fashion brands, cities, and countries have moved away from fur coats, with organisations working to pass laws and secure corporate commitments to end this practice. Consumers can take a stand against animal cruelty by refusing to purchase fur products and choosing cruelty-free fabrics and faux furs instead.

The discussion around animal cruelty in the fur industry has led to some changes, with major brands shifting their production to animal-free alternatives. However, genuine fur is still sold, often out of the eyes of legislation and animal rights organisations. The value of fur coats has also been impacted by these concerns, with some people choosing to sell or donate their fur coats to distance themselves from the industry.

While fur coats may still be in fashion, the ethical implications of the fur industry are severe. With the availability of faux furs and cruelty-free alternatives, consumers can make informed choices that do not contribute to animal suffering.

The style and colour of a fur coat can affect its value

The style and colour of a fur coat can significantly impact its value and desirability.

Style

Fur coats are available in various styles, from vests to full-length coats, and even gloves and scarves. The style of a fur coat is an important consideration when determining its value. For example, a full-length mink coat will likely be more valuable than a shorter jacket or vest made from the same type of fur. The cut and fit of a fur coat can also affect its value. A well-fitted coat that flatters the wearer's body shape will generally be more desirable and valuable than a coat that hangs loosely or is too tight.

Colour

The colour of a fur coat can also impact its value. While vintage furs may be less valuable due to their outdated styles and colours, modern fur coats in soft, velvety hues are often more sought-after and valuable. White or cream-coloured fur coats, for instance, are considered the most valuable, especially for formal occasions. On the other hand, natural fur colours like brown or black may be less desirable and, therefore, less expensive. Additionally, dyed furs, such as blue or silver fox fur, can be more valuable due to their unique colouring.

Other Factors Affecting Value

Aside from style and colour, several other factors can influence the value of a fur coat:

• Fur Type: Rare fur types, such as sable, chinchilla, and lynx, are typically more expensive than more common types like mink and fox.
• Condition: The condition of a fur coat is crucial to its value. Well-maintained coats with minimal wear and tear will be more valuable than those with damage, stains, or bald spots.
• Age: Fur coats generally depreciate in value over time, with an expected lifespan of around 20 years. Older coats may be less desirable and, therefore, less valuable.
• Brand and Size: The brand and size of a fur coat can also impact its price. Coats from luxury designers or well-known brands may command higher prices, and larger sizes may be more expensive due to requiring more material.
• Market Trends: The demand for fur coats can fluctuate, affecting their value. For example, real fur coats may be gaining popularity over faux fur for their lightweight and soft qualities.

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