Vertu's products started at £ 11,000 and reached £ 39,100 if the smartphone was made of 18-carat gold.
Luxury smartphone maker Vertu has confirmed that its manufacturing arm is to enter liquidation, with the loss of around 200 jobs from its United Kingdom facility the result. So you may only be wishing for a Vertu smartphone but those who actually bought from the company will be disappointed to know that it will be liquidated soon.
After 19 years of making some of the most luxurious and expensive phones on the market, Vertu is shutting down.
When contacted by the BBC, an external spokesman for the firm, which is based in Church Crookham, Hampshire, said: "Well it's gone into liquidation and I'm not being paid by them any more".
United Kingdom smartphone firm Vertu, which made luxury handsets worth thousands of pounds, has gone bankrupt after piling up debts of £128 million ($165 million). Frankly put, we're not too sympathetic of Vertu's closure - a RM150,000 phone with mid-ranged specs and some ostrich leather doesn't sound like the way to go today. However, his bid was reportedly rejected by the UK High Court earlier this week after Uzan offered to pay just £1.9 million ($2.46 million) for the company with the aforementioned deficit.
The Turkish businessman said he would retain the brand, the technology and design licenses and planned to rebuild the phone maker. This comes after a bailout effort from new owner Murat Hakan Uzan failed when Vertu was found to be £128m ($168m) in the red.
He pointed out that some of Vertu's recent phones had used synthetic sapphire for its screens - something that Apple had considered for its iPhones but later abandoned because of production issues.