Two Boeing 747 jumbo jets sold on Alibaba auction site

Cargo Jets

One of the Boeing 747-400 jets up for auction

This was the first time jets have been sold via online judicial auction in China, according to the court.

According to recent reports, two of the jumbo jets which are specifically the Boeing 747 freighter planes; the planes were won by the Chinese carrier SF Airlines, which outbid 25 more other parties and companies.

Six offline auctions over the last two years had apparently failed to unearth buyers for the aircraft, but they were quickly snapped up after being listed with Taobao on Monday.

The Boeing 747 is an American wide-body commercial jet airliner and cargo aircraft, often referred to by its original nickname, "Jumbo Jet". It's not clear if more attempts will be made to sell it off.

Boeing is the United States based multinational airspace company that is popular for making great airbuses and even providing defense tools and machinery.

Nearly all courts in China have registered on Taobao's platform since 2012. Virtually every Chinese court is now registered on it.

With around 760 million product listings as of March 2013, Taobao Marketplace is one of the world's top 20 most visited websites according to Alexa. The Economist calls it "the country's biggest online marketplace".

They were seized by a court in the southern city of Shenzhen which, since then, had been looking for a buyer.

"Online auctions save time and service fees for bidders", he continued.

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. A 405-foot pleasure boat known as the "Gigayacht", was sold for $168 million on the site in 2006.

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