A primary-generation iPhone sold at auction Sunday for $190,373, almost 380 times its original price of $499 when the groundbreaking device went on the market in 2007.
LCG Auctions, which hosted the sale, said the 4GB iPhone model was 20 times rarer than the 8GB model released at the identical time for $599. That’s largely since the 4GB model was discontinued two months after launch given customer preference for the larger memory size.
“A recent bar was set Sunday night,” said Mark Montero, the founding father of LCG Auctions. “We’re thrilled to be a component of this implausible record breaking sale.”
It’s the third original iPhone to sell for record prices at auction prior to now 12 months.
An 8GB model sold for $63,356 in February and one other 8GB model fetched $39,340 in October 2022. All were factory sealed of their original packaging.
The iPhone is one among the world’s most successful electronic products and helped make Apple the primary publicly held company with a $3 trillion market value. The Cupertino, California company reached that milestone 16 years after the primary iPhones were sold.
