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Alba Iulia
Thursday, May 28, 2020

Chinese rocket sells for $ 5.6 million at live auction: report

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An anonymous patron bought a real rocket for $ 5.6 million at a live online auction on April Fool’s Day.

On April 1, a Kuaizhou-1A (or KZ-1A), a rocket developed by ExPace, a commercial subsidiary of the defense contractor, the China Aerospace Science and Industry Corporation (CASIC), was put up for auction online. Cao Meng of ExPace announced the article at a live auction organized by Taobao, the world’s largest e-commerce site. In just five minutes, more than 800 people deposited 500,000 yuan (about $ 4,611.50) in deposit, according to CGTN.

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