Apple iPhone from 2007 sells for $190,000 at auction

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Usually, the price of an iPhone drops as soon as you take it out of the store.

But there are some special cases. For example, a first edition, unopened 4GB model sold at a sale in the US for $190,372.80 (£145,416).

At the time, not many of these were made, which is why fans of iPhones call it the “Holy Grail.”

The auction was held by LCG Auctions, and there were a total of 28 bids. The lot went for almost 400 times its original price.

The buyer also pays a “buyer’s premium” to the auction house on top of the hammer price to cover the costs of running the sale.

The buyer’s fee goes straight to the auction house, not to the person selling the item.

It was called a “popular high-end” and “red-hot collectible” by LCG Auctions, which also said that two other factory-sealed, first-edition iPhones had sold for record prices in the past year.

The website called it a “extremely rare, factory-sealed, first-run 4GB model in excellent condition.” The original seal is clean and has the right seam details and tightness. The surface and edges are almost perfect.

The lot, which originally sold for $599 (£457), was supposed to sell for between $50,000 and $100,000, but it broke all previous records.

Steve Jobs, who was Apple’s CEO at the time, put out the 4GB model in 2007. However, sales were slow, so the tech giant decided to stop making it just two months after it came out.

Most people chose to buy the 8GB model, which came out at the same time as the 4GB model and gave users twice as much room for only $100 more.

A few times a year, rare Apple items or things from Mr. Jobs’ life and work are sold at auction.

There is a song he wrote in high school that was published in a classmate’s yearbook. There are also pictures of him in college and a business card from 1978.

In 2011, the Apple co-founder died of pancreatic cancer. He was 56 years old. Apple said he was “the source of countless innovations that enrich and improve all of our lives” and had made the world “immeasurably better.”

He showed the world how to use the colorful iMac computer, the iPod, the iPhone, and the iPad.