First-gen iPhone sells at auction for almost 380 times its original price
A first-generation iPhone sold at auction Sunday for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007. 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 $599. “A new bar was set Sunday night,” said Mark Montero, the founder of LCG Auctions.