Two Boeing 747-400s were sold on an Alibaba-owned e-commerce website for $48 million. This made the pair of the jumbo jets, the highest-value sale for Taobao.
The planes have been in storage in the cities of Shanghai and Shenzhen since 2013.
The two 747-400s were from a bankrupt cargo company, Jade Cargo International. The Intermediate People's Court of Shenzhen City handling the bankruptcy had been trying to sell them for years, and had attempted six previous offline auctions, before putting the planes up on Taobao.
The opening bid was 135 million yuan.
After 27 bids were placed, the final sale of just over 320 million yuan, or about $48 million, sold to a Chinese logistics company SF Express.
There was also a third plane. But it was unsold due to only one buyer registering to bid.
The sale comes as Boeing seized the production of the 747s, which was once the world's largest passenger plane, due to low demand
The bids still are not the highest-ever sale on an online auction site.
The most expensive sale was made by eBay in 2006, auctioning a 405-foot superyacht that was sold for $85 million (50 percent deposit). This topped the previous number one, a Gulfstrem II charter jet that was sold for $4.9 million.
