Lcg Auctions News Today

LCG Auctions, which hosted the sale, said the 4GB iPhone model was 20 times rarer than the 8GB model released at the same time for USD 599.

Factory-sealed first-generation iPhone, which originally sold for $499, fetches $190,373 at auction

Iphone: "A new bar was set Sunday night," said Mark Montero, the founder of LCG Auctions. "We are thrilled to be a part of this fantastic record breaking sale."

An Apple first-generation iPhone sold for $190,372.80 (about R3.4m) at a US auction on Sunday.

The 2007-era phone was advertised as a “popular high-end collectible" and fetched $190,372 on the auction block.

Karen Green was gifted the phone in 2007 and never opened it, but instead decided to sell it at auction. According to CNN, the founder of LCG Auctions, Mark Montero, said there were 10 potential buyers with the phone going to someone in the USA in the end for $63,000!

Unopened First Generation Apple iPhone Sells for $63,356 USD at Auction: Crushing the previous $39,000 USD sale.

An unopened, first-generation iPhone sold for more than 100 times its original price at auction, fetching $63,356.40 (Rs 52.47 lakh).

For the second time in six months, an unopened first-generation iPhone has sold for a record price at auction.

The first iPhone, which retailed for $599 (Rs 49,225), featured a 3.5-inch screen with a 2-megapixel camera, as well as 4 GB and 8 GB storage options.