A first-gen iPhone was auctioned off for $190K, which is about 380 times its original price of $499.
A first-generation apple iPhone was sold for $190,000 at an auction, which is about 380 times its original price of $499., almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007.
LCG Auctions, which hosted Sunday's sale, said the 4GB iPhone model was 20 times rarer than the 8GB model released at the same time for $599. That's largely because the 4GB model was discontinued two months after launch given customer preference for the larger memory size. "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."
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