A Chinese court auctions bankrupt millionaire’s Sprite bottle, the internet calls it a ‘waste of resources’

The Dafeng District People’s Court in southeastern China posted an item owned by a bankrupt millionaire online for auction. what was it? Surprisingly, there is nothing glitter or gold in it, but a bottle of the soft drink Sprite. Yes, you read that right. The auction was conducted by the Dafeng District People’s Court in Yancheng, southeast China’s Jiangsu province, the South China Morning Post reported. According to the Yangtze Evening Post, the bankrupt millionaire was linked to two companies whose registered capital was five million yuan (US$713,000) and US$1.725 million respectively. Both companies have declared bankruptcy, with no significant assets left.
A bottle of Sprite was auctioned with a starting bid of 4.2 yuan, an increase of 0.08 yuan. For those unaware, a bottle usually costs 6 yuan (9 US cents or Rs 71).
Although it was later removed from the judicial auction platform, it had already attracted significant attention, with 366 people registering to bid and 652 setting reminders.
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According to the report, the case prompted many internet users to question the use of judicial resources. “This auction is just a waste of resources,” one person said. Another said, “This is so ridiculous. I’m sure Sprite never thought it would one day be auctioned off.”
A third person calculated, “It will fail to sell. Even when you add the bus tickets, which are 4 yuan round trip, to the auction price of 4.2 yuan, the total comes to 8.2 yuan. However , You can buy it on the market for only 6 yuan, unless someone from the court decides to buy it himself.”
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What do you think about this Sprite bottle auction? Share your views in the comments section.