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recently, an auction with a starting price of 4.2 yuan attracted the attention of netizens.

on the auction platform, the dafeng district people's court of yancheng city, jiangsu province, auctioned a bottle of sprite soda, with a starting price of 4.2 yuan, a deposit of 0.42 yuan, and an increment of 0.08 yuan. it also noted that "self-pickup only, no mailing." this is beyond the understanding of some netizens. in the past, common auction items were real estate and cars. how could such a low-priced item be auctioned?

on the first day of its launch on september 22, the auction attracted 17,800 onlookers and 366 people signed up. however, on the second day, the auction was shown as "withdrawn" with the reason being "the parties reached an execution and settlement agreement and there was no need to auction the property."

phoenix finance called the court's agent for the auction, suzhou nongrun asset management co., ltd., and the staff said that this was the only case that had been received so far, and the reason for the auction withdrawal was the reason displayed on the page. they have encountered many such auctions of small amounts, such as very old mobile phones that only sold for a few dozen yuan, and "as long as there is a need for execution, it can be auctioned."

the auction platform shows that the owners of the sprite item are chen mouqing and zhang moudi. according to the public information on the online judgment documents, the two are husband and wife. regarding the reason for the auction, chen mouqing once responded to the media that the company has gone bankrupt and he has no more property available for execution. according to the records on the auction platform, in 2022, chen mouqing, as the person subject to execution, was also auctioned two bottles of yanghe baijiu, with a transaction price of 227.5 yuan.

what is really sad is that in 2021, chen mouqing still had assets worth over 10 million.

the judgment documents network shows that in 2021, chen mouqing was ordered by the dafeng district people's court of yancheng city to pay a total of more than 4 million yuan in compensation due to a house sale contract dispute. at that time, chen mouqing did not take the initiative to fulfill his repayment obligations and became the person subject to enforcement. he was forced to repay 3.19 million yuan. the debt has not been repaid. after the execution procedure is completed, chen mouqing still has the obligation to repay the debt.

at that time, chen mouqing had other assets. during the court's disposal, his shares in a certain jiangsu biotechnology co., ltd. and other investment rights amounting to 5 million yuan were frozen, and his 8.04% shares in a certain jiangsu technology co., ltd. were seized. however, the applicant for execution stated that he would not request the disposal of chen mouqing's property for the time being.

chen mouqing has more debts than just wealth. according to the execution ruling of the dongtai people's court of jiangsu province in january 2024, due to a land lease contract dispute, at the application of a certain farm company in dongtai city, chen mouqing's buildings, annexes, and power facilities within the scope of dongtai city's dunmen farm were auctioned on august 27. the assessed value was more than 8.9 million yuan, and the selling price was 5.01 million yuan. however, due to no one bidding, the auction was ultimately unsold.

a lawyer whose business involves bankruptcy liquidation cases told phoenix finance that among the cases he has come across, auctions with real estate as the subject are the majority, and he rarely encounters cases with lower amounts. however, there is no minimum limit on the price of a particular property in the existing laws and regulations, and when the court auctions the property of the person being executed, there is no limit on the price of a single item.

according to phoenix finance's observation, there are many low-priced auction items on the judicial auction platform, including socks, water cups, mobile phone cases, enamel washbasins, etc.

for example, on september 20, 2024, in an auction held by the qinhuai district people's court of nanjing, 20 pairs of bamboo fiber socks were auctioned at a starting price of 1 yuan, and 11 people signed up in the end, with a transaction price of 10 yuan. on july 17, 2023, in an auction held by the lulong county people's court of lulong county, qinhuangdao city, the starting price of two mobile phone cases was 20 yuan, but they were eventually unsold.

on january 15, 2023, a small water cup was auctioned at the qinglong people's court of qinglong manchu autonomous county, qinhuangdao city, starting at 1 yuan, but it eventually failed to sell. as early as 2017, at the auction of the jiefang district people's court of jiaozuo city, henan province, the xin xiangyin handkerchief paper with a starting price of 1.8 yuan was successfully auctioned at 2.8 yuan, and the owner of the target was a supermarket limited liability company in jiaozuo city.