We're starting to think that people believe Apple's new gold-colored iPhone 5S is actually made of gold.

Why else would anyone pay more than 50 times its retail value of $199 on eBay? But sure enough, some Apple enthusiast just paid $10,100 for a "VERY HARD TO FIND" 16GB gold iPhone 5s. In fact, he or she was just one of 51 bidders on the highly sought after device:

iphone ebay

It's true, gold-colored iPhones are hard to come by after they went on backorder until October. Some people waited in line for weeks for the gold phone to no avail. This has created a completely ridiculous black market for the device on eBay, where multiple people are posting the phone for thousands of dollars:

gold iphone

gold iphone ebay

gold iphone ebay apple

People are also posting to Craigslist with similarly insane price points for the backordered phone:

craislist iphone

gold iphone craigslist

Quick Poll

The sad reality is that anyone who actually pays this much for the champagne-tinted phone may regret their decision. In order to meet the unexpected demand, Apple has decided to increase production of the gold iPhone by one-third, The Wall Street Journal reported, meaning that soon enough this hue of iPhone will be widely available at normal prices.

[h/t Business Insider]

Also on HuffPost:

  • The new <a href="http://www.huffingtonpost.com/2013/09/10/iphone-5s-release_n_3895203.html" target="_blank">iPhone 5S</a> and <a href="http://www.huffingtonpost.com/2013/09/10/iphone-5c-release_n_3899394.html" target="_blank">iPhone 5C</a> went on sale Friday morning. And Apple fanatics flocked to Apple Stores around the world to be among the first to purchase the two new handsets. For some, it's like Christmas, the last day of school and their birthday rolled into one. Norman Hicks, who was the first customer at the front of the line at the Apple Store in Covent Garden, London, poses for photographers with two boxed iPhone 5S handsets.

  • The second customer in the London queue, Jesse Green, aged 15, makes one of several jumps he repeatedly performed holding a boxed iPhone 5S.

  • Yui Kashima, left, and Nobuhiko Matsuda wait to purchase an Apple's new iPhone outside a store in Tokyo on Friday.

  • Brian Ceballo emerges from the Apple Store on Fifth Avenue as the first to purchase the new iPhone 5S on Friday in New York. Ceballo and a friend waited for 15 days in line outside the store to be the first to buy the phone.

  • Another customer buying a new iPhone at Apple's flagship 5th Avenue store.

  • First customers of the Apple store in Oberhausen, Germany are all smile with their new iPhones in hand as they leave the store.

  • A customer of the Apple store in Oberhausen celebrates with the new iPhone 5S.

  • Simon Sun, left, gets a high five from Apple sales associate Mike Jones, right, in Richmond, Va.