A first-generation iPhone sold at auction on Sunday for $190,373, which is almost 380 times what it cost when it first went on sale in 2007 for $499.
The company that ran the sale, LCG Auctions, said that the 4GB iPhone model was 20 times more rare than the $599 8GB model that came out at the same time. That’s mostly because the 4GB model was taken off the market two months after it came out because people wanted more memory.
It is the third original iPhone to sell at auction in the past year for a record price. In February, an 8GB model sold for $63,356, and in October 2022, an 8GB model went for $39,340. All of them were originally sealed and came in their original boxes.
The iPhone is one of the most popular electronic products in the world, and it made Apple become the first publicly traded company with a market value of $3 trillion. The company in Cupertino, California, reached this goal 16 years after the first iPhone was sold.
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