First-gen iPhone sells at auction for $190K — almost 380 times its original price

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First-gen iPhone sells at auction for $190K — almost 380 times its original price
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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.

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.”Courtesy of LCG AUCTIONS/MEGA

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