China Taobao auction

Two Boeing 747 jumbo jets sold in China Taobao auction

The jumbo jets are from a defunct cargo company and the court handling the bankruptcy had been trying to sell them for years.

Six previous offline auctions failed and so the planes were eventually put up online.

Highest bidder and new proud owner is Chinese carrier SF Airlines, beating out 25 other interested parties.

Taobao is an online auction website similar to eBay, owned by Chinese e-commerce giant Alibaba.