China court auctions off 100 tons of live crocodiles for half a million dollars
Share and Follow

It could be a while for these crocodiles.

A court in China is attempting to sell 100 tons of live crocodiles for the third time after obtaining them from a bankrupt company. However, they are facing difficulty in attracting any potential buyers for these reptiles.

The Shenzhen Nanshan People’s Court announced that the questionable auction of the roughly 200 to 500 beasts would start at 4 million yuan, or $550,000 — after two prior auctions got no bites.

The crocodiles were previously owned by the Guangdong Hongyi Crocodile Industry Company, which was founded by Mo Junrong, the “Crocodile God.”

But the company failed to meet its financial obligations and was forced to liquidate its assets, including the horde of reptiles, the South China Morning Post reported.

In China, crocodiles are a top commodity and are used in more than 100 products ranging from makeup to wine. The ones offered are all Siamese crocodiles, which are commercially farmed and traded in China.

But the potential wholesale bargain isn’t all it’s crocked up to be.

The court isn’t keen on paying for shipping or handling the mass crocodile transport itself, and it hasn’t been able to find a buyer willing to pick up the fanged creatures.

Anyone interested in purchasing the hundreds of reptiles has to cover the costs of collection, including capturing and loading the animals. Buyers must also hold an artificial breeding license for aquatic wildlife for crocodiles and have a proper place to keep them.

No one has registered for the auction yet — clearing the way for a failed third attempt to offload the crocs.

The last auctions were held in January and February with a starting price of 5 million yuan, which was then scaled back to 4 million. No one bid on either auction.

Share and Follow
You May Also Like
Streaking Nets' unexpected rise reaches new heights with win over Timberwolves

Brooklyn Nets Defy Odds with Thrilling Victory Over Timberwolves, Extending Impressive Winning Streak

Cam Thomas made his much-anticipated return to the court for the first…
3 injured in fight turned shooting at Jacksonville Westside bar, officers said

Three People Hurt in Shooting After Fight Erupts at Jacksonville Westside Bar, Police Report

A confrontation that began inside a restaurant escalated when the alleged shooter…
How sad Harry can't allow his children to join this happy band

Why Prince Harry’s Kids Are Missing Out on This Joyful Experience

The mother of one of my oldest friends was a constant presence…
Dear Abby: I'm walking on eggshells around my alcoholic husband—I've had enough

Finding Strength: Navigating Life with an Alcoholic Spouse – A Woman’s Plea for Change

DEAR ABBY: After 15 years of marriage, my retired husband, “Seth,” is…
Palisades councilmember blasts city after shocking doc on wildfires

Palisades Councilmember Criticizes City Following Revealing Documentary on Wildfires

An LA City Council member representing the Palisades has voiced concerns that…
Breathtaking Pacific cliff hides deadly secret in rich California city

Discover the Hidden Peril Lurking Beneath a Stunning Pacific Cliff in California’s Elite Enclave

California’s wealthiest suburb, Palos Verdes Estates, is known for its impressive average…
Jake Paul helpless as fiancee leaves Olympic qualifying in tears

Jake Paul’s Fiancee Exits Olympic Qualifiers in Tears, Leaving Him Stunned

Jutta Leerdam, fiancée of Jake Paul, faced a heartbreaking setback at the…
Selena Gomez steps out after first Christmas with Benny Blanco

Selena Gomez Enjoys Outing Following Her First Christmas Celebration with Benny Blanco

After enjoying her first Christmas with husband Benny Blanco, Selena Gomez indulged…