A first-generation iPhone has sold at auction for $190,373, 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.
