Gold iPhone 5S selling online for up to $2,500

Gold iPhone 5S selling online for up to $2,500

The new champagne coloured iPhone 5s is the latest must have smartphone.

And if you were not in the queues across the island when the phone was launched last Friday, good luck trying to find one - all telcos have reported that their stock of the new champagne or gold iPhones have been sold.

But if you are a die-hard Apple fan, there is still one place you can find them.

The catch? You will have to be prepared to dish out up to double the phone's retail price.

The champagne or gold phones have been popping up on auction sites like eBay at inflated prices, hoping to entice Apple fans with fat wallets and little patience.

One such offer has an asking price of $2,500 for the 32GB champagne model, over twice its retail price of $1,148.

The seller, who wanted to be known only by his online moniker, general pinto, felt that his offer is a reasonable one.

"People have bought it for $10,000 on eBay," he claimed.

A buyer looking to get a champagne iPhone for herself, Miss Nadira Zulfaqur, 19, had this to say about the pricing online: "That's ridiculous. Are you serious? 2.5K?"

She said the potential buyers at this pricing could be from countries where the phone is not available yet.

A few are going one step further, banking on the champagne iPhone hype.

Mr Christopher Wee, a freelance phone buyer and seller, is taking in the phones at prices as high as $1,400 for the 32GB version, which is still $250 higher than the retail price.

Mr Wee told The New Paper that he has had buyers willing to pay up to $1,800 for the 32GB champagne version during the first three days of release.

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