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Chinese Man Bid $41,000 for Used iPhone Online in Error

Chinese Man Bid $41,000 for Used iPhone Online in Error

A Chinese man had bid $41,000 in error for a used iPhone in an online auction.  The starting bid was 100 yuan and after 708 bids, the phone was sold at 270,550 yuan, or approximately $41,000.

” Chinese man bid $41,000 for a used iPhone in error “

The winning bidder, named Che, refused to honour the auction, insisting he had misidentified the price.  He was summoned to the Nanjing Qinhuai People’s Court and was fined 10,000 yuan.  The phone was a used rose gold iPhone 7 (128 G)

Source: South China Morning Post,


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