Brief by Shorts91 Newsdesk / 06:54pm on 10 Apr 2025,Thursday International
A court in Shenzhen, China, has failed for the third time to auction off 100 tons of live Siamese crocodiles—roughly 200 to 500 reptiles—acquired from the bankrupt Guangdong Hongyi Crocodile Industry Company. Despite dropping the starting bid to 4 million yuan ($550,000), no buyers registered. The auction requires bidders to cover collection, transport, and hold a legal breeding license. Used in products from makeup to wine, crocodiles are a top commodity in China, but the logistical and legal hurdles continue to deter buyers. Two previous auctions held in January and February also ended without any bids.
