Gresso Radical R1 Android smartie is a steal at £920

And it doesn't even run KitKat, it's stuck on Android 4.1.2 Jelly Bean.

Well someone must be buying these ridiculous luxury mobiles, otherwise why would they keep making them? Gresso -- the company known for covering the iPhone in crystals -- has just launched its first Android models, Engadget reports. And as you can see, they're as ludicrous as the rest of the range.

The entry-level (ha!) Radical R1 is made of grade five solid titanium, which is commonly used for jewellery and to make aircraft. It'll set you back $1,500 (£919). It also comes in 19-carat yellow gold or white gold, for a completely reasonable $2,300 (£1,408). And people say the iPhone 5S is pricey.

As ever with these showpiece phones, the specs are less than stellar. All models come with Android 4.1.2 Jelly Bean, a quad-core 1.2GHz processor, 4.5-inch touchscreen with a resolution of 960x540 pixels, and 36GB internal storage. They can each take two SIM cards, too.

On imaging duties, they each have an 8-megapixel camera, though there's no word of a front-facer.

As you'd expect, they weigh a fair bit as well. 219g, to be exact. Which is a lot more than the Nexus 5, which tips the scales at 130g. Then again, the Nexus 5 doesn't have buttons made of titanium, or a faux-crocodile skin case to carry it in.

Only 999 of the Radical range will be made, so best snap one up now, if you've got a spare grand lying about.

Still, Gresso's range is cheap compared to the Tonino Lamborghini Antares. As well as having a name that's a bit of a mouthful, the Antares costs £2,500, though its specs are closer to the Motorola Moto G, which costs £120. As Kevin Bacon would say, no brainer.

Would you pay silly money for a new phone? What's the most you've ever spent on a gadget? Let me know in the comments, or on our Facebook page.