Experts criticize online sales of court-seized goods

Leading figures in China's auction industry have criticized the sale of court-seized property and goods on the Internet.

Haining, in Zhejiang province, on Friday sold a workshop, facilities and land-use rights owned by a bankrupt leather company for 159 million yuan ($26 million).

It was the largest amount raised in an online auction of real estate on the Chinese mainland since judicial authorities in eastern Zhejiang province teamed up with Taobao, China's largest e-marketplace, in June.