According to reports the jets were bought by Chinese cargo airline SF Airlines for more than 320 million yuan ($48 million) from the Intermediate People's Court in the city of Shenzhen, southeastern China. The company was founded in 2004, but the joint venture later filed for bankruptcy with the court in 2013.
Furthermore, the highest bidder and new proud owner is Chinese carrier SF Airlines, defeating out 25 other interested parties.
According to the Russia Today report the court auctioned off three jets with one remaining unsold on a starting bid of $18 million.
Boeing is the United States based multinational airspace company that is popular for making great airbuses and even providing defense tools and machinery. First flown commercially in 1970, the 747 held the passenger capacity record for 37 years.
Russia Today are reporting the sale as the first time airliners have been purchased via an online auction.
Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also overseas.
Taobao dominates 90% of the trade of individuals to individuals on the chinese internet. It chose to sell them through the Alibaba-owned e-commerce platform after failing to sell the planes six times in offline private auctions.
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.