Record kid mohair price at auction

-recordMohair-23THE highest price ever was paid for a bale of mohair at a Cape Mohair & Wool (CMW) auction in Port Elizabeth recently.

A cool R632/kg was paid for one bale of super, 24 micron kid mohair, which was produced by farmer Paul Webber from Grahamstown. The previous record was R601/kg.

Another bale of super, 24 micron kid mohair produced by George Stegmann of the Rietbron district fetched the second highest price of R600/kg at the auction. Both these bales were bought by Ken Reed of the New England buyers’ house and are destined for Vitale Barberis Canonico, an Italian client known for buying only the best mohair.

CMW general manager for mohair Pierre van der Vyver said a price-war among the major mohair processors had been unleashed during the auction held last week.

“Prices are currently driven by fashion demand – from all over the world, but especially by manufacturers from Italy and China,” Van der Vyver said.

The two bales are the first qualifiers for the elite Ermenegildo Zegna competition, sponsored by the Italian fashion giant, which aims to identify the best bale of kid mohair in the world – hence the chase among buyers to obtain the choice South African bales.

South Africa is known to be the world leader in this respect.

Paul Broeksma, who farms angora goats in the Aberdeen district, set three more world records at the auction for young goat hair and adult mohair respectively. – Business Reporter

 

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