Sou Hu Cai Jing·2025-05-14 10:53Core Viewpoint - The recent decline in gold prices has led to increased interest in judicial auction gold, with many buyers participating in competitive bidding, often resulting in prices exceeding those of bank gold [1][5]. Group 1: Auction Activity - Multiple gold orders were successfully auctioned on Alibaba's judicial auction platform in May, with significant buyer participation; for instance, one order had 141 bidders [1]. - On May 4, a total of 400 grams of gold bars were auctioned with a final price of 31.96 million yuan, translating to 799 yuan per gram, which was higher than the bank's price of 784.05 yuan per gram on the same day [3]. - On May 7, 16 gold bars weighing between 10 grams and 100 grams were auctioned, with final prices exceeding 820 yuan per gram, compared to the bank's price of 811.43 yuan per gram [3]. Group 2: Buyer Behavior - The auction activity in May was described as unprecedented in terms of both heat and pricing, indicating a growing interest in gold as a long-term investment [5]. - Buyers in judicial auctions often approach the process with a "bargain hunting" mentality, but recent auctions have seen irrational bidding behavior, with prices surpassing local bank gold prices [5]. - Newer participants in the gold market, referred to as "gold hoarders," are entering the judicial auction space, which may lead to less experienced bidding strategies [5]. Group 3: Pricing and Market Dynamics - The final prices of judicial auction gold are primarily based on the daily recovery price of gold and bank gold prices, rather than retail prices of branded gold jewelry [7]. - As of May 14, the price of bank gold dropped to 773.05 yuan per gram, reflecting the ongoing volatility in the gold market [7]. - Buyers must be aware that once a bid is successful, the deposit is non-refundable, and they may incur additional costs if they decide to withdraw from the purchase [7].