Ladies and gentleman, the bidding for three Boeing 747 jumbo jets on Alibaba’s Taobao platform is now finished. *Drum roll, please*
In a historic moment for e-commerce, Chinese delivery giant SF Express won the auction, paying more than 322 million yuan ($48 million) for two of the planes in what was apparently a fierce bidding war.
After bidding started at 135,038,600 yuan two months ago, one of the jets sold for 162,038,600 yuan, while the other jet sold for 160,780,800 yuan after staring at 133,780,800 yuan. The auction drew two participants, each new bid had to increase the price of the plane by at least 1 million yuan.
Meanwhile, the third jet, initially priced at 122,600,400 yuan was not sold, so if you forgot about the auction, you still may have a chance. It’s not clear if more attempts will be made to sell it off.
The jumbo jets were all originally owned by Jade Cargo International which filed for bankruptcy back in 2013. Afterward, the planes were seized by a Shenzhen intermediate court.
Unable to find any interested buyers through traditional auction methods, the planes were put up for public auction on Taobao, where they quickly aroused interest on a platform that is better known for selling fake camel toe underwear or anti-pervert flamethrowers.