Time was when a woman expected to wait until ripe middle age before she was presented with a mink coatif she got one at all. "Today," says Sam Mellon, manager of Chicago's Evans Furs, "they're buying them at 19 or 20." One of the reasons is that mink coats, formerly the badge of the successful matron (or mistress), have succumbed to the youth-oriented trend in fashion. Coats are now short, shaped to the body and sometimes come pieced together to create checks, stripes and herringbone patterns.
Equally to the point, mink is selling at an alltime low. At the latest auctions, there...