First-generation iPhone sells at auction for around 380 times its
original price
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 first-generation iPhone has sold at auction for $190,373 (€169,369),
roughly 380 times its original price of $49 (€44) when the
groundbreaking device went on 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 (€534).
That is largely because the 4GB model was discontinued two months after
launch given customer preference for the larger memory size.
We are thrilled to be a part of this fantastic record-breaking sale
“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.”
It is the third original iPhone to sell for record prices at auction in
the past year.
An 8GB model sold for $63,356 (€56,366) in February and another 8GB
model fetched $39,340 (€35,000) in October 2022.
All were factory sealed in their original packaging.
The iPhone is one of the world’s most successful electronic products and
helped make Apple the first publicly held company with a three trillion
dollar market value.
The company, based in Cupertino, California, reached that milestone 16
years after the first iPhones were sold.
AP.
===========================================================
The fb-exchange mailing list
Manage account,
List Page: https://www.freelists.org/list/fb-exchange
Archive: https://www.freelists.org/archive/fb-exchange
To unsubscribe: log onto the List page and select "Unsubscribe".
Administrative contact: insight@xxxxxxxxxxxxxxxxxxxx
===========================================================
