Would You Spend $57,400 for a Cell Phone?

Courtesy AesirRussian billionaires are getting so rich that not even ordinary cell phones will do anymore. A Danish company has created an 18-carat, limited edition cell phone that will retail for more than $57,000. The target buyer? Moscow's fashionistas and monied elite.

Yet buyers won't get much for the 57 grand mobile device -- no email, no games, no camera and no GPS navigation. Danish company Aesir took more than three years to create the phone. Founder Thomas Jensen described it to Reuters as a collector's item.

"People are used to collecting, say, watches, while designer phones is a practically empty niche," he told the news service. The company says it will create a new model every 18 months.

The blinged-out cellphone underscores the rise of Russia's elite super wealthy. Since the fall of the Soviet Union, the richest slice of Russian society has doubled its wealth - and they are fond of spending it. In addition to 18-carat phones, private golf courses and super yachts, some of that Russian wealth is finding a home in the United States. Mikhail Prokhorov, a Russian metals baron, is the owner of basketball's New Jersey Nets.

Courtesy Aesir


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savemycountry911

I thought this article was about Obamaphones.

September 16 2011 at 7:55 PM Report abuse rate up rate down Reply
Raven

gold phone more reason for someone to rob me lol

September 16 2011 at 4:53 PM Report abuse rate up rate down Reply
Jrep

woop! I let my phone in the bar!

September 16 2011 at 4:48 PM Report abuse rate up rate down Reply
Jrep

woop!! I let my phone in the bar!

September 16 2011 at 4:44 PM Report abuse rate up rate down Reply
randallalbin

this would be a feature in this kind of an economy. you must be kidding

September 16 2011 at 4:05 PM Report abuse rate up rate down Reply
mesager42

Can you say "target for criminals"?

September 16 2011 at 2:32 PM Report abuse rate up rate down Reply
collectsrocks

Maybe it can call Sarah in Alaska.

September 16 2011 at 2:18 PM Report abuse rate up rate down Reply
dahst

I'm getting these phones for my kids !!

September 16 2011 at 1:56 PM Report abuse rate up rate down Reply
GET TO WORK!!!

Are they crazy? The technological components in them will be obsolete inside a year, if not less.

September 16 2011 at 1:56 PM Report abuse rate up rate down Reply
rbrtkyte

I don't even own a cheap one ,Why would I want one for 57,000 ? Totally absurd not to mention frivolous .

September 16 2011 at 1:39 PM Report abuse rate up rate down Reply