Chinese Court Struggles to Sell 100 Tonnes of Crocodiles in Unusual Auction
Despite over 4,000 views, no buyers have registered for the auction of bankrupt crocodile farm assets, hindered by logistical and regulatory challenges.
- 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.
NDTV 
South China Morning Post 
