August 10, 2008: The developer of I Am Rich, a pointless app that sold for a whopping $999.99, defends his notorious creation as “art.”

After Apple removed I Am Rich from the App Store in the wake of controversy over the app’s outrageous price and total lack of usefulness, its creator, German developer Armin Heinrich, says he made it as a sort of joke.

The most you can charge for an app on the iOS App Store is $999.99. In the early days of the App Store, a number of novelty apps came out, trying to make a quick buck by convincing gullible plutocrats to part with their money in the form of a $1,000 app download. The most notable example is I Am Rich, an iPhone app that literally did nothing except proclaim your affluence.

These days, though, the $999.99 club is made up of legitimate apps. Well, mostly.