Crocodile auction: The court is auctioning 100 tons of crocodiles. No home delivery facility.
Crocodile auction-A Chinese court is auctioning off a 100-ton live crocodile. The starting bid for the auction has been set at 400,000 yuan (US$550,000). The Shenzhen Nanshan People’s Court has decided to auction the crocodiles online. The auction is being held on the Alibaba Judicial Auction platform. Anyone can go to the website and put them up for auction. This unique auction in China has become a topic of discussion all over the world. It has raised many questions on social media.
The order was given by the Shenzhen Nanshan People’s Court, the South China Morning Post reported. Alibaba hosted the auction on its Alibaba Judicial Auction Platform. The court has not received any bids yet. The auction officially began on March 10 and will continue until May 9. Also read this: 100-rupees Indian note sold for 56 lakhs
Why is this auction happening?
The reptiles were originally owned by Guangdong Hongyi Crocodile Industry Company, founded in 2005 by Mo Junrong.
Mo was once called the “Crocodile God”, a,” his registered capital was more than 50 million yuan (US$7 million). They were seized after the company failed to meet its financial obligations, leading the court to decide to auction it off
What about the crocodiles?
Crocodiles are considered a highly profitable species due to their use in over 100 products ranging from leather and meat to health tonics, cosmetics and even wine.
Siamese Crocodile
The reptiles introduced are Siamese crocodiles, which since 2003 have been included in China’s list of wild animals that can be commercially reared and traded.
A Siamese crocodile typically weighs between 200 and 500 kilograms, so the 100-tonne estimate would total between 200 and 500 individual reptiles. One social media user wrote, “This is so scary. I wonder who would actually buy these?”
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