A Filipino auction site has announced plans to sell the iPhone 3G at a price much cheaper than the local market, says CNET. In a press briefing on Friday, Auction.ph unveiled a special program to put the iPhone on sale through its website. Angelo Hernandez, public relations chief at Auction.ph, currently says that the iPhone will be auctioned off at a starting price of just 1 peso (2 cents), increasing in cost through 0.50 peso bidding increments. There will however be a ceiling to bids, with a maximum price of 5,000 pesos ($110). When the phone officially goes on sale in the Philippines on August 22nd, the average price will be about 30,000 pesos, or $663. Hernandez says, though, that he cannot confirm if the iPhone will be a regular item on Auction.ph. It is also uncertain where the phones will be sourced from, and how carrier partnerships will be handled.
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