But this battle was in China where isk x real money prices are different, apparently the PLEX (the only formally recognized way of turning real money into isk) is a lot more expensive in-game over there, thereby depressing the real-money value. According to [1], isk is worth 1/6th in the Chinese server, meaning the total damage was around $110,000.

1: https://forums.eveonline.com/default.aspx?g=posts&m=3921938