Overview

• The Shenzhen Nanshan People's Court is auctioning 100 tonnes of Siamese crocodiles on Alibaba's Judicial Auction platform, running from March 10 to May 9, 2025.
• The crocodiles were owned by Guangdong Hongyi Crocodile Industry Company, which declared bankruptcy after failing to meet financial obligations.
• The auction requires buyers to hold specialized licenses and have the facilities to handle and transport the crocodiles, deterring potential participants.
• Previous auction attempts in January and February failed due to high starting prices; the current auction has a reduced starting price of Rs 4.7 crore (four million yuan).
• Public interest remains high, with over 4,000 views of the auction page, but skepticism about the practicality of the sale persists on social media.