How Much Would You Pay for an iPhone 4 Prototype?

There is an auction that offers a genuine iPhone 4 prototype device for sale. It's not Gizmodo that's selling the device, but a cell-phone repair service that decided to auction the phone instead of using it for spare parts. Would you pay more than $100,000?

iPhones aren't cheap. So don't expect a rare and possibly unique version to be especially cheap, either. A phone that looks pretty much like the phone that Gizmodo acquired through some questionable channels just before the official release of the iPhone 4 is currently auctioned off on eBay. The bid at the time of this writing: $101,800 (a $1 million bid was removed by the seller.)

According to the auction, the phone is a genuine testing device, which would mean that it is or at least was owned by Apple (Nasdaq: AAPL  ) . We have no idea how the seller acquired this phone, but we doubt that Apple would simply give a test device out to the general market. We believe there's a good chance Apple still owns this device, but the seller claims he bought it from someone who had no idea that it was a tester. He states that the device was bought "legally."

But seriously: Would Apple ever "legally" give away a prototype iPhone?

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 04, 2011, at 5:12 PM, TheeMadCatte wrote:

    Under New Zealand law, I believe that receiving stolen property is a strict-liability offense. Even if you didn't know it was stolen, you're still on the hook. So the "I knew it was stolen, but I bought it from somebody who didn't" defense would be just laughable.

  • Report this Comment On July 05, 2011, at 1:26 AM, jesterisdead wrote:

    $0.00

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