View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
August 15, 2017

Vertu’s phones remain a pricey commodity despite auction

By Spear's

Luxury phone manufacturer and retailer Vertu, which shut down its UK manufacturing operations in July, is auctioning off its back catalogue of phones. The collection is listed on Bid Spotter, and is made up of 105 phones from the Vertu museum, with devices dating from 2002 models to 2015 ones. Bidding starts at £20,000.

The collection includes its premium phones from the Signature, Constellation & Ascent Rang with devices finished in 18-karat gold, titanium, and stainless steel, while the rest are set with diamonds and other precious stones.

One of the luxury phone maker’s Signature handset, which was launched at £14,500, was sold at the auction for £11,200. Other handsets like the Clous De Paris Red Gold Signature phone, that was encrusted in jewels and 18-karat gold, sold for over £35,600.

Some handsets that were previously sold for £23,000, offered 24/7 concierge services as part of the handset’s price.

The auctioneer, G J Wisdom & Co, says the phones are a mix of concept models to fully functional ones, so some are not operational. The owner of Vertu failed to rescue the company from bankruptcy after offering to pay creditors just £1.9 million of the firm’s £128 million debt.

Content from our partners
How Hamblin Family Law is exploring a groundbreaking pricing model
Spies and secret ops: How espionage has inspired London’s most exciting hotel
High-flyers: TAG Aviation explains that it's not about the destination, it's about the journey

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network