100 tons of live crocodiles auctioned for 800 million won...I'll set the conditions myself and transport them
Apr 07, 2025
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However, it is unclear whether the actual successful bid will be made because there is a condition that the buyer must capture and transport it himself.
According to the Hong Kong media South China Morning Post, the Nanshan People's Court in Shenzhen, Guangdong Province, China recently registered 100 live crocodiles for an online auction.
The starting bid is 4 million yuan (about 800 million won) and the deadline is May 9.
These crocodiles were originally owned by Mo Jun-long in 2005 by 'Guangdong Hongyi Crocodile Industry'.
Mr. Mo was once called 'God of Crocodiles', and registered capital was more than 50 million yuan (about 10 billion won).
However, due to financial difficulties, it was confiscated and the court went through the process of liquidating the assets.
In China, crocodiles are considered a highly profitable species because they are used in more than 100 products, ranging from leather and meat to health tonics, cosmetics, and even wine. The type of crocodile at auction is 'Sham Crocodile', which has been included in animals that can be commercially bred and traded in China since 2003.
Considering that Siamese crocodiles generally weigh 200 to 500 kilograms, the auction volume of 100 tons is estimated to be 200 to 500 in total.
The successful bidder shall bear all expenses, including alligator capture, weighing, loading and transportation.
In addition, the winning bidder must hold an artificial breeding license for aquatic wild animals such as crocodiles, and must have breeding facilities and transport capabilities.
If any of these conditions are not met after the successful bid, the court may forfeit the deposit of 300,000 yuan (about 60 million won) as a fine for default.
So far, more than 4,000 people have viewed the auction page, but none have participated in the auction.
This is the third court auction of alligators.
The auction was held in January and February with bids of 5 million yuan and 4 million yuan, respectively, but was bid on both occasions.
Netizens are saying "It's so scary. I wonder who will actually buy it", Comments such as "Special industry companies will participate in the auction, not for the average person" and "Capture and transportation costs will also be considerable" are posted.
This article was translated by Naver AI translator.
