Recently, a used iPhone 7 went up for sale online in China. Final price? 270,550 yuan. The confiscated rose gold smartphone with 128 gigabytes of storage was put up for online auction by a court in Nanjing on Thursday morning with a starting price of just 100 yuan. About 10 minutes later, the bidding price had already soared past 10,000 yuan with authorities explaining that a number of netizens had cast hundreds of false…