Technology

New iPhones Are a Gold Mine on eBay

[ABC News]

The gold colored iPhone 5S is selling well on eBay, even though its price is significantly marked up. (Apple)
The gold colored iPhone 5S is selling well on eBay, even though its price is significantly marked up. (Apple)

Gold is selling at over $1,300 per ounce. But what about gold-colored iPhones? A quick search for “iPhone 5s gold” yields devices priced as high as $1,500, a significant markup above store prices.

One eBay seller, going by the username Papakar, recently sold an unlocked 16 GB gold iPhone for $10,100 in an auction that attracted 51 bids. The same model of iPhone is available to order on Apple’s website, at $649.

Though Apple charges the same price for all three colors, eBay sellers seem to believe that gold is more valuable than silver, and that a gold iPhone should sell more than a silver or space gray model. Over 15 auctions are selling 16 GB gold iPhones with four-digit price tags on eBay’s first page alone. In comparison, the other models only have two bids running higher than $1,000 on their first page.

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