The court conducted the first cyber justice auction

Recently, Yantian Court formally launched a network of judicial auctions on Taobao. The first batches of “on the shelves” were located at the OCT East Grand Canyon Real Estate, a full set of restaurant supplies and MAG trademarks, etc. About RMB 7.5 million was formally launched on May 26th. It is reported that Yantian Court was the first court in Shenzhen to launch an online judicial auction.

Compared with the traditional judicial commission auction, the network judicial auction has significant features and advantages: First, it can guarantee the openness, fairness, and fairness of the auction work. The network judicial auction has broken through geographical restrictions, has a wide audience, and has high information transparency. It can effectively prevent black-box operations, reduce human interference, and increase transaction rates and auction premiums. The second is to implement a “zero commission” trading method, which reduces transaction costs and helps to maximize the value of the property being disposed. The third is that the bidders participate in the online judicial bidding process more simple and convenient, and the threshold is even lower. Bidders only need to register their account on the real name of Alipay platform, and deposit enough money to pay the deposit in the account to participate in the auction. The fourth is to be able to effectively implement open and transparent auction information. On the Taobao Judicial Auction Platform, the subject matter page of the auction includes illustrated descriptions of auction items, bidding instructions and announcements. Bidders can learn more about the auction rules and auction information before bidding, and they can also contact the court staff to see if necessary. , fully understand the auction information and then participate in the auction. The fifth is to effectively protect transaction security. With the Taobao Judicial Auction Platform, the bondholder’s margin is frozen in Alipay without having to actually pay to the court account. After the auction is over, the unclaimed deposit will be automatically thawed and the winner will only have to go to the court within the time limit. Pay the final amount of the auction directly and come to the court to sign the auction transaction confirmation.