Now for sale online: a Chinese skyscraper

Shoppers visiting one of China's top e-commerce sites this holiday season can now bid for a skyscraper.The 37-...

Posted: Dec 28, 2017 4:30 PM
Updated: Dec 28, 2017 4:30 PM

Shoppers visiting one of China's top e-commerce sites this holiday season can now bid for a skyscraper.

The 37-storey, 500-foot building has been listed on popular auction website Taobao, owned by Chinese tech giant Alibaba.

Buyers have to move fast, though. It's going under the hammer on January 2, with an asking price of 553 million yuan ($85 million), according to the listing.

The building also comes with one big caveat: it hasn't been fully built, and the buyer has to finish it themselves.

Related: $24 billion in 24 hours: World's biggest shopping day sets new record

The structure in question has a troubled history. It was started back in 2006, but construction stalled when the original developer ran out of cash.

It was intended to be the first five-star hotel in Taiyuan, a city in Shanxi province, the Taobao listing said.

Photos posted on the listing appear to show the building still surrounded by scaffolding and construction materials.

It is listed on a special section of Taobao where bankrupt companies can auction off assets.

Buildings have been sold through online auctions in China before, but this appears to be the first skyscraper advertised.

It's not the first eyebrow-raising sale Taobao has brokered.

A few months ago, two second-hand Boeing 747 aircraft were sold via the platform for a combined total of more than 320 million yuan ($48.3 million). A third went unsold.

Related: It's not just Amazon: Chinese tech giants are selling groceries too

If a buyer is willing to meet the skyscraper's asking price, it still wouldn't come close to the priciest ever sale on eBay.

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

- Serenitie Wang contributed to this report.

West Lafayette
Scattered Clouds
90° wxIcon
Hi: 91° Lo: 67°
Feels Like: 90°
Kokomo
Clear
86° wxIcon
Hi: 89° Lo: 66°
Feels Like: 88°
Rensselaer
Broken Clouds
82° wxIcon
Hi: 87° Lo: 64°
Feels Like: 84°
Fowler
Broken Clouds
82° wxIcon
Hi: 88° Lo: 66°
Feels Like: 84°
Williamsport
Clear
88° wxIcon
Hi: 89° Lo: 66°
Feels Like: 90°
Crawfordsville
Scattered Clouds
84° wxIcon
Hi: 89° Lo: 67°
Feels Like: 85°
Frankfort
Overcast
87° wxIcon
Hi: 89° Lo: 67°
Feels Like: 88°
Delphi
Scattered Clouds
88° wxIcon
Hi: 90° Lo: 66°
Feels Like: 88°
Monticello
Scattered Clouds
88° wxIcon
Hi: 91° Lo: 65°
Feels Like: 88°
Logansport
Clear
88° wxIcon
Hi: 89° Lo: 64°
Feels Like: 88°
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 45952

Reported Deaths: 2650
CountyConfirmedDeaths
Marion11387679
Lake4872240
Elkhart308543
Allen2677114
St. Joseph184965
Cass16369
Hamilton1484100
Hendricks136699
Johnson1235118
Porter68537
Madison64363
Tippecanoe6408
Clark62244
Bartholomew57844
Howard54356
LaPorte53925
Kosciusko4952
LaGrange4596
Jackson4553
Noble44728
Vanderburgh4306
Hancock42935
Delaware42648
Boone42242
Shelby41625
Marshall4123
Floyd36344
Morgan32031
Montgomery28720
Grant28526
Clinton2792
Dubois2606
White25810
Monroe25628
Decatur24632
Henry23515
Lawrence23124
Vigo2248
Harrison20822
Dearborn20422
Warrick20129
Greene18431
Miami1802
Jennings16911
Putnam1658
DeKalb1594
Scott1547
Daviess13916
Orange13323
Wayne1286
Franklin1248
Steuben1232
Perry1209
Ripley1127
Carroll1092
Jasper1092
Wabash1072
Fayette967
Newton9510
Whitley814
Randolph764
Starke733
Huntington702
Wells681
Jay670
Fulton661
Jefferson651
Washington641
Pulaski631
Knox620
Clay594
Rush573
Benton480
Adams451
Owen451
Gibson442
Sullivan441
Brown381
Blackford372
Posey350
Spencer311
Tipton301
Crawford290
Fountain292
Switzerland250
Martin220
Parke220
Ohio140
Warren141
Union130
Vermillion130
Pike80
Unassigned0194

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events