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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.
An original sealed iPhone has sold at an auction for a staggering amount of money, shattering the previous record for first-edition sealed iPhones.
The priciest iPhone that Apple sells today starts at $1,599, but a first-generation iPhone from 2007 just auctioned for a record-breaking $190,372.80.
In February, another factory-sealed, first-generation Apple iPhone from 2007 sold for a record $63,356 on the auction block.
A 1976 check signed by Apple's Steve Jobs was expected to go for $25,000 but has already beaten estimates to hit nearly $30,000, with days to spare.