A rare 2007 iPhone is selling for $190,000

iPhones usually depreciate in value as soon as you take them out of the store. But there are some special cases, as seen in an auction in the US, where an early 4GB model sold for $190,372.80, writes the BBC.
Not many of them were made at the time, making the model considered the "holy grail" by iPhone collectors.
The final fee includes administration costs on top of the “hammer price” paid to the auction house by the buyer.
The website described the model as an “extremely rare model, preserved at the factory in exceptional condition.
Originally retailing at $599 (£457), the lot was expected to fetch in the region of $50,000-100,000 – but managed to break all previous records.
First introduced in 2007 by then-Apple CEO Steve Jobs, the tech giant made the decision to discontinue the 4GB model just two months after it was introduced, due to lagging sales.
Most people decided to buy the 8GB model, which was launched at the same time and gave users double the storage space, for just $100 more.
Every few months, some rare Apple memorabilia or relics of Mr. Jobs' life and career are sold at auction.
They include a poem he wrote in a classmate's high school yearbook, photos of him in college and a business card from 1978.
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