A court in China is trying — for the third time — to sell around 100 tons of live crocodiles after the reptiles were seized from a company that went bankrupt. Despite being listed at a starting price of 4 million yuan (around $550,000), no one seems interested in the roughly 200 to 500 crocodiles.
The animals originally belonged to the Guangdong Hongyi Crocodile Industry Company, run by a man nicknamed the “Crocodile God.” But after the business went under, the court took over its assets — including the massive batch of Siamese crocodiles, which are commonly farmed and used in products like cosmetics and wine in China.
Even though crocodiles are considered valuable in the country, this deal isn’t as tempting as it sounds. The court made it clear that buyers would need to handle all the logistics themselves — from capturing to transporting the reptiles — and also have the right breeding license and facilities to keep them.
No one has signed up for the auction so far. This follows two earlier failed attempts in January and February, where even a price cut from 5 million to 4 million yuan didn’t attract any bidders.
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