$50,000 for a phone? In this economy?!

Whenever I show someone the above video of a $50,000 Android phone, the response is usually, “… why?”

Why, indeed.

The Ulysse Nardin Chairman, the “First Luxury Hybrid Smart Phone” runs on Android 2.1, and comes in a variety of styles, including a diamond encrusted case.  According to the young lady in the video, the WTF-priced phone is for the ultra rich “who can’t bring their Ferraris into the club and need something equally ostentatious.” (Gear Crunch)