Some Idiot Pays $10,000 For A Gold-Colored iPhone

Gold iPhone

A gold colored iPhone (Apple actually calls the color “champagne”), which even at its highest configuration sells for $399 with a contract and just under $850 without a contract, has sold for $10,000 on eBay

A rare gold iPhone 5S just sold on eBay for $10,100 after 51 bids.

The sale reflects a kind of insanity that has set in among some Apple fans over the gold version of the 5S, which instantly sold out when it launched on Friday after very few were made available for sale.

We told you earlier today that scalpers in China were selling gold iPhones for twice their face value, and another gold iPhone seller on eBay was asking $4,600 for a three-pack.

But this iPhone (pictured) went from being bid up in increments of $10 or $20 over the weekend, to bids of $100 extra or more. On the last day of bidding, buyers stalled at around $2,500. But then one bidder offered a staggering $10,000 — only to be outbid at the last minute by someone offering $100 more than that.

It really doesn’t matter to me how someone spends their money, and if this person can afford it what they pay is their business I suppose, but, people, it’s just a phone.

FILED UNDER: Economics and Business, Quick Takes,
Doug Mataconis
About Doug Mataconis
Doug holds a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010 and contributed a staggering 16,483 posts before his retirement in January 2020.

Comments

  1. DC Loser says:

    And will need to be upgraded in a year.

  2. Ernieyeball says:

    it’s just a phone.

    You Heathen. This is just a phone.

    http://gadgeticworld.com/uploads/2013/05/antique-phone.jpg

  3. grumpy realist says:

    Uh, wot? if I’m going to pay $10K for a phone I better at least get a pulchritudinous houri to massage my toenails out of it as well.

  4. al-Ameda says:

    There will always be Rich Trash.

  5. Ernieyeball says:

    @al-Ameda: There will always be Rich Trash.

    It wouldn’t bother me to be at the top of that heap!

  6. Donald Sensing says:

    Maybe he wanted to shoot it with a .50-caliber Barrett:

    http://youtu.be/c_gEiU_FDxQ

  7. Ernieyeball says:

    @Donald Sensing: I used to do the same thing with my model cars and cherry bombs when I was in Jr. High. Then I grew up.

  8. Neil Hudelson says:

    They are paying $10,000 for a phone the color of every PC from 1989 until the iMac in 1998. http://en.wikipedia.org/wiki/File:Macintosh_Classic_2.jpg

    Idiots.

  9. roger says:

    Update: The transaction was cancelled by the seller because he could not authenticate the buyer.

    Next highest bidders, at around $2,500, were sent “second chance” emails.

    Patience is a good thing. Just wait a couple weeks and the phone can be purchased from Apple for $199.

    Then there is the story about a woman having a major meltdown after arriving at an Apple Store Friday morning only to find out there were no longer any gold iPhones.

    Guy behind me in line bought two gold iPhones. He was simply told by his family to go get them. He had no idea what he was buying.

  10. Franklin says:

    That’s the ugliest shade of gold I’ve ever seen. Not to mention, there’s no actual shades of gold.

  11. rodney dill says:

    It’s not just a phone, its a ‘”Personal Hybrid Omnimode Network Extension”