US EditionChinese Court Struggles to Sell 100 Tons of Crocodiles in Unusual Auction
- A Chinese court has started an unusual online auction for 100 tons of live crocodiles for four million yuan, requiring buyers to collect them in person.
- The auction, listed by the Shenzhen Nanshan People’s Court, is part of asset liquidation after Guangdong Hongyi Crocodile Industry Company defaulted on financial obligations.
- Since opening on March 10 and running until May 9, the auction has been viewed over 4,000 times, but no one has registered to bid so far.
- This auction follows earlier attempts to sell the crocodiles that were unsuccessful and has amused many on Chinese social media.
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China court auctions live crocodile for $550,000; buyers need to pick up reptiles in person
The auction began on March 10 and is scheduled to run until May 9. Crocodiles are seen as highly valuable animals, with their parts used in over 100 products, including leather goods, meat, health tonics, cosmetics, and even wine.
·Mumbai, India
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