Recently, a used iPhone 7 went up for sale online in China. Final price? 270,550 yuan.
The confiscated rose gold smartphone with 128 gigabytes of storage was put up for online auction by a court in Nanjing on Thursday morning with a starting price of just 100 yuan.
About 10 minutes later, the bidding price had already soared past 10,000 yuan with authorities explaining that a number of netizens had cast hundreds of false bids in order to drive the price up to ludicrous heights.
After more than 700 bids, the final selling price was 270,550 yuan ($41,000).
However, the man who made that bid, quickly declared that he wasn’t about to pay that much for a used iPhone 7, claiming that he had thought he had only bid 2,000 yuan. Records show that the man bid twice.
In the end, the man, surnamed Che, did not have to pay a fortune for a used smartphone, but was summoned by the court and fined 10,000 yuan for making the false final bid.
He actually got away better than another bidder, surnamed Liu, who was fined 20,000 yuan after admitting to making false bids for fun, with no intention of ever paying up for the phone. Records show that Liu made 124 bids on the used iPhone 7, including four bids that raised the price by more than 1,000 yuan.
It’s not clear who actually ended up with the phone.
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