iPhone 5 Selling for $1,600 on eBay

The iPhone 5 craze just hit a new high.

After Apple sold two million of its new phones in just one day, its stock dried up. So if you don't want to wait an extra month for your new iPhone to ship, you can get one on eBay. If you're willing to pay ridiculous money, that is.

The 64GB model is being offered for as much as $1,625 -- almost twice its retail price of $849. Smaller models are available for similarly inflated prices. The 16 and 32GB ones are being offered for around $800-1000.

A few people were already starting a bidding war. If you are one of the lucky ones who was able to pre-order one on Friday, rejoice. Not only you'll get it b…
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