Last week we posted that an eBay auction had set the value of Facebook applications at around $2,000. With another application having been successfully auctioned, the valuation has soared. I Am Hungry, an application that allows users to express their need for food and find other friends with grumbling tummies, fetched $20,100! While I Am Hungry boasts more than 250,000 users, compared to the paltry 134 users of Logbook, it still hasn't cracked the top-100 list of applications. It also happens to be a stupid application. And it drew, predictably, equally stupid bidders.
The bid crept up from $1,000 to $2,000 over the course of the week. Bidding then jumped to $3,000, then $15,000, then $20,000 in the last ten hours. Apparently stupid apps attract stupid users which attract stupid buyers. Or, more likely, someone had an interest in seeing the application sell for much more than bidders cared to pay — like every cliché auction scene you've ever seen. We're not suggesting, of course, that shilling might have taken place. Oh, no. But the developers behind I Am Hungry just happen to have built three other Facebook applications, each with more than 2 million users. If I Am Hungry is worth $20,000, imagine how much these ones must now be worth, based on the newly set market price.