The right of redemption refers to the right of the pawnsman to redeem the original property by requiring the payment of the original price and other reasonable fees and interest at the expiration of the duration of the pawn  There is a certain time limit for the right of redemption
According to the relevant laws and regulations of our country and judicial interpretation, if the  pawnsman fails to redeem it after 10 years at the expiration of the pawn period, or if the unpawned period is not redeemed after 30 years, it shall be regarded as a complete sale, and the ownership of the  property shall be owned by the pawn owner
Li reached an agreement with the pawnshop in 1999 to pawn an antique watch for 30,000 yuan and did not specify the duration of the pawn. Until 2009, Li still did not redeem the watch. At this time, the pawnshop can auction the watch publicly.