Long-Term Property, a real estate firm based in Beijing, began an auction on Tuesday morning for four islands located in Fiji, Canada, Greece and the UK. The auction took place on Taobao.com, China's largest online shopping platform, the Modern Express reported.

The starting price was 4 million yuan for the UK island, and just 1 yuan for the other three, the newspaper says.

The auctions attracted many Chinese netizens. The Fiji island sold for 5 million yuan ($800,000), the Canadian island for 1.7 million yuan and the Greek island for 4.8 million yuan, while the auction for the UK island was aborted as buyers failed to meet the reserve price, according to the report.

The buyer of the Fiji island is entitled to 99 years of leasehold rights, while the other three are all freehold properties, an employee at Long-term Property, who is responsible for Taobao customer service, told the paper.