Our jaws collectively dropped when we saw this iPhone carrying bag, which was about to sell for $305 on eBay. It's a shopping bag, folks. Sure, it's more like an open-ended box than a mere shopping bag, and yeah, we were pretty impressed with it, but $305? WTF? We haven't seen this kind of insanity since Beatlemania. See the winning bid, after the jump.

Checking eBay this morning, we see the auction for the $305 bag is over, but now there are quite a few other attempts to sell such packaging, none of which are getting $305 bids just yet. However, there are a couple of iPhone carrying bags whose sellers will let you buy it now for $500. Stop the madness.

How Much Would You Pay for an IPhone... Bag? [Blog You like a Hurricane]