You Paid How Much?

What's a second-hand iPhone worth do you think? Couple of hundred pounds for a 3G and maybe fifty quid more for a 3GS?

Not even close.

In fact a second-hand iPhone 3GS, unlocked from a network fetches up to £700 on eBay! That despite the fact that you can buy one direct from Apple, unlocked and brand new, for £419.

I dread to think what the combined IQ of some of these eBay purchasers is, but I'm guessing its not going to trouble three figures...