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Vertu is Auctioning Off its Back Catalogue of Phones, Still Unaffordable

by Huei Song
August 11, 2017
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Ever wished to own a luxury handset made out of the finest materials such as diamond and gold? Vertu is now auctioning off its back catalogue of phones, but it looks like an average Joe like ourselves will still be unable to afford it.

The company is auctioning off 105 phones from the Vertu museum at Bid Spotter. The auction consists of phone models ranging from the year 2002 to 2015. The bidding price for the entire collection started at £20,000 – that’s about a whopping RM111,460, and is currently at £30,000 (RM167,190) with 14 bids so far.

Of course, when it comes to handsets like the Vertu, the date of manufacturing and specs aren’t the deciding factor for price. With materials like 18-karat gold, titanium, diamond, and such, it doesn’t matter if the phone is the latest flagship model or a 20-year-old unit, it will still be expensive. According to the auctioneer, G J Wisdom & Co, some are concept models, some are fully functional, and some are not operational.

It’s not surprise that Vertu hasn’t been doing very well. Back in March, the brand was sold to an exiled Turkish businessman for £50 million. Before that, it was owned by Goldin Holdings, a Hong Kong-based company. Just last month, it was reported that the owner of the company failed to save the company from bankruptcy, offering to pay creditors only £1.9 million (about RM10.6 million) out of its £128 million debt.

Check out the auction page to follow the auction.

(Source: Bid Spotter via: The Verge)

Filed Under Luxury PhonesVertu
Updated 12:25 pm, Fri, 11 August 17
https://lowy.at/skrh8
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