From Kottke, we read of an iPhone application that is either a scam or a brilliant deconstruction of status-badge consumption, or both:
Yesterday developer Armin Heinrich posted an iPhone app to the App Store called I Am Rich. The program displays a red gem, has no function but to display your wealth to others through ownership, and costs $1000. It has since been removed from the App Store, although no one knows whether Apple or Heinrich [suspiciously named, no?] pulled it.
I Am Rich isn't the most clever piece of art, but it's not bad either. For some, the iPhone is already an obvious display of wealth and I Am Rich is commenting on that.
I'm sure Damien Hirst would approve.
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