Just because 99.999% of the population would regard the I Am Rich app that was pulled from the App Store a complete waste of money, there are always a few folks with money to burn.
Eight fools wealthy individuals purchased the app before it was pulled from the App Store, and according to its developer Armin Heinrich, customers "really love the app" and that they had "no trouble spending the money."
If people are willing to buy a dog collar for $480,000, a $1000 on an iPhone app is a deal.
Source LA Times
Links:
[1] http://www.maclife.com/user/rbaldwin
[2] http://www.maclife.com/article/news/8_copies_i_am_rich_app_purchased_removal
[3] http://www.maclife.com/article/iphone/i_am_rich
[4] http://latimesblogs.latimes.com/technology/2008/08/iphone-i-am-ric.html