June 19, 2024

A 2007 first-generation iPhone sold for $190K at auction

First generation iPhone sold with over $190,000 on Sunday after Rush received offers for the item in the final hours of its availability.

The iPhone is factory sealed, has 4GB of memory, and was first released in 2007. Back then, the phone sold for $499. In 2023, the phone would about $700.

LCG Auctions, the host of the sale, told USA TODAY that original iPhones have risen in price and demand in recent years.

“They’ve been kind of high-end collectibles for a while now, but about a year ago, they really started to kind of set record prices,” said Mike Montero, founder of LCG Auctions.

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