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Cold-blooded clearance

After a crocodile farm went bankrupt, a Chinese court has been trying—and failing—to auction off over 200 live Siamese crocodiles

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Despite slashing the starting price to around Rs 4.6 crore, two auctions held earlier this year failed to draw any bidders. Pics/iStock

Despite slashing the starting price to around Rs 4.6 crore, two auctions held earlier this year failed to draw any bidders. Pics/iStock

A Chinese court is desperately trying to offload 100 tonnes of live Siamese crocodiles—roughly 200 to 500 of them—after seizing them from a bankrupt company, but buyers just aren’t biting. The reptiles were owned by Guangdong Hongyi Crocodile Industry Company, founded by Mo Junrong, famously known as the “Crocodile God.” 

After the company defaulted, the court took control of its assets and listed the crocs for auction. Despite slashing the starting price from around '5.8 crore to '4.6 crore, two earlier auctions held in January and February failed to draw any bidders.

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