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Vertu auctioned most of its luxury phones, but they remained expensive

Posted: , by Cosmin V.

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Vertu auctioned most of its luxury phones, but they remained expensive

Vertu will soon be no more, but before going into oblivion, the UK-based company has to liquidate its assets to pay its bills, as well as the people that worked for the luxury smartphone maker.

For a few days now, Vertu is selling the contents of its UK factory, including all the stuff showcased inside the company's museum (older phones, statues, awards, etc.).

Even though all Vertu smartphones are now being sold by an auction house called G.J. Wisdom & Co., the starting prices are still high enough to make these luxury devices untouchable by the middle-class.

The good news is if you really want a luxury phone that has key numbers instead of a touch screen, you can get a Vertu model relatively cheap, but only if you're lucky. For example, one of Vertu's Signature phones that were launched for £14,700 ($19,000) back in the day, was sold at the auction for £11,200 ($14,500).

However, those looking for unique stuff that few people in the world might be able to get had the chance to grab Vertu's collection of concept devices (105 phones). The opening big for these icon handsets was £20,000 ($26,000), but the collection sold for no less than £133,200 ($172,000).

The “lesser” Vertu phones could be bought for prices slightly higher than £1,000 ($1,300), but that's because they were among the oldest launched by the British company. All in all, it appears that Vertu made quite a lot of money after selling some of its assets, but it's unclear whether or not it will be enough to pay all its bills.

source: TNW

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posted on 11 Aug 2017, 21:23

1. foreverNOOB (Posts: 62; Member since: 07 Jul 2017)

Hopefully they will be survive...

posted on 11 Aug 2017, 21:58 1

2. cncrim (Posts: 910; Member since: 15 Aug 2011)

How? Can you provide some number?

posted on 11 Aug 2017, 23:45 2

3. JakeH (Posts: 88; Member since: 01 May 2014)

Is it just me or does it look like there are fingerprint smudges all over the phone in the first picture?

posted on 11 Aug 2017, 23:50 6

4. brasstax (Posts: 406; Member since: 16 Apr 2014)

Thankful that one of the biggest scams of the mobile industry has closed or is closing down. I understand that people have the right to spend their money as they deem fit but Vertu was a scam selling bog average devices for outrageous prices.

posted on 12 Aug 2017, 02:37

6. you_sukk_it (Posts: 115; Member since: 11 Apr 2017)

well said. ripoff phones with fake stone chips added. old specs always.

posted on 12 Aug 2017, 06:45 2

8. kevin97 (Posts: 20; Member since: 01 Mar 2016)

Well, the expensive Swiss watches have even older specs :))

posted on 12 Aug 2017, 08:08

9. Subie (Posts: 1337; Member since: 01 Aug 2015)

Good point kevin. Yet a real Swiss watch could last you a life time, but any device with a computer in it will give you maybe 10 years at best.

posted on 12 Aug 2017, 08:58 1

10. yann (Posts: 374; Member since: 15 Jul 2010)

Tell this to Apple.

posted on 11 Aug 2017, 23:53

5. TechieXP1969 (Posts: 14501; Member since: 25 Sep 2013)

Such a product had no sustainability.

Good idea, bad product type chosen.

posted on 12 Aug 2017, 04:59

7. monoke (Posts: 746; Member since: 14 Mar 2015)

Wonder if these would accrue value if kept unopened in mint condition in the near future, kind of like collector's item. I think there's a strong chance cuz of the Vertu brand. Damn if I only had the money, I'd prob risk it! Lol.

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