Vertu Collapses and Auctions off it's $20,000 Phones for "Cheap"

Baron

Baron

ET Founder
A few months ago, iconic British phone manufacturer Vertu announced that it would enter liquidation after encountering financial difficulties.

But now, with the company’s assets on the auction block, you can pick up a Vertu phone for a (relative) bargain. One of its Signature brand feature phones, which comes encased in 18 karat gold and black alligator leather and originally retailed for £14,700 ($19,000), currently has bids in the $1,500 range.

https://thenextweb.com/insider/2017...rtus-assets-are-now-on-auction/#.tnw_MARscHxY
Vertu-New-Signature-Touch-1200x600.jpg
 
Soon everyone will have a 4 figure phone.
It's called the iPhone8.

Edit- is there any doubt MS is bidding for an "on the cheap" Vertu phone?
I would bet my left nut he's trying to get one.
Fake it till you make it LOL
 
Their pricing was too extreme for the material add-ons they were providing.

They tried to turn a $99 phone with an Android OS into a $19k piece of jewelry (with no added functionality), which worked ok at first until they realized that millennials and most other people don't give a flying flip about goofy materials like Alligator skin any more.
 
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