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Hey Big Spenders

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Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Mobile phone brand Vertu launched a $12,000 cell last night at their store at the Plaza. Yes, you read that right: $12,000 for a phone. But, it's cool-looking, and hand-assembled! [Material Interest]