First-generation 2007 iPhone sells for $190K at auction



A first-generation iPhone sold for over $190,000 on Sunday after receiving a rush of bids for the item in the last hours of its availability.

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

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

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



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