If you were checking out the iTunes App store yesterday, you might have noticed a program called "I Am Rich." The application proudly points out that its main function is to remind you that you are rich. See, it costs $1000 to buy and does virtually nothing except display a ruby on your iPhone screen.

Eight people bought it.

Then, for undisclosed reasons, Apple pulled the application. Keep in mind: There seems to be nothing fraudulent in the description of the application. It states plainly: "It's a work of art with no hidden function at all."

The designer of the app,   Armin Heinrich, sees a market for the program. "I am sure a lot more people would like to buy it -- but currently can't do so," Heinrich told the LA Times. Whether Heinrich will receive the $5,600 Apple seems to owe him for the purchase remains to be seen.

L.A. Times: UPDATED Apple removes $1,000 featureless iPhone application