Auctioneer Alexey S. is leading the auction of a $3,500 iPhone 5s.
He and his partner, Dmitry Yashin, will bid on the handset at the auction’s first auction on November 17.
The pair are offering to buy the device for a minimum of $7000 (roughly £5,000), and sell it for $3.50, plus any discounts.
The auction is open to U.S. residents and will be streamed live online.
“We’ll be in touch if you’re interested in bidding on this wonderful phone,” Alexey said.
“There’s a ton of great options, and there are many, many more than we’ll be able to list.”
The seller, who wants to remain anonymous, is willing to pay anywhere from $3 to $7k for the handset, and it’s expected to fetch about $10,000 (about £7,400) depending on how the bidding goes.
How to buy an iPhone 5C for a cheap price on eBayThe seller is hoping to sell the phone in the U.K., Australia, New Zealand, or Europe for a reasonable price, but says it’s “still working on that”.
The handset, which has an octa-core Snapdragon 801 processor, a 16GB internal storage with 128GB of expandable storage, a 5.5-inch 1080p display, a 2,000mAh battery, and a 4.5mm headphone jack, is expected to go for $2,500-3,000.
The seller is also offering to sell it to someone who can’t be bothered to spend $3k on an iPhone.
If you’re looking for a great iPhone 5, you can check out our guide to buying an iPhone in the UK and the US.
The seller has set up a Twitter account to sell iPhone 5 deals and has also posted a YouTube video of the auction.
Alexey has already posted about the auction on his Instagram account, where he has posted photos of the handset with a note from its seller: “We’re in a very good spot, but this is not the first time we’ve sold a phone in this auction.
We are a family and are not responsible for any loss of any kind.
I hope this will not be a last-minute opportunity for a phone seller.”
More from BGR: Samsung, Apple are buying Apple’s iconic iPhone 5 handset