OH MY GOD! now that's stupid!
(CNN) -- A Russian businessman has bought what is believed to be the world's most expensive cell phone.
The tycoon will be given the 1 million euro ($1.2 million) phone during the Millionaire's Fair at Cannes, France, on on Saturday, when the Guinness Book of World Records was to bestow the title of most expensive phone.
The "Piece Unique" handmade phone is constructed out of solid gold, is studded with diamonds and comes with a customized insurance policy.
The phone is one of three that have been produced by Swiss company GoldVish.
One of the phones has been bought by a businessman in Hong Kong, the other remains unsold.
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