The primary reason for the exorbitant auction price for this specific iPhone is that it is a very rare 4 GB variant. For those unaware, in 2007, Apple launched the original in two versions with 4 GB and 8 GB internal storage options. The 8 GB variant was the more popular of the two as it only cost $100 more, and most people thought it made sense to go for the variant with higher storage. As a result, sales of the 4 GB model were so low Apple was forced to discontinue the model less than two months after its launch. While no one wanted the 4 GB original iPhone back then, this rare device has become a sought-after, rare collector’s item.
This 4 GB version of the iPhone is unopened, comes in its original packaging, and is in flawless condition, as per the auction house. In fact, had it not been for the apparent label, most people may even mistake it for a recent product and not something that is over 16 years old.
It is also interesting to note that the winning bid for this device was $158,644. However, the buyer must pay an additional fee called the “buyers premium” which jacks up the price to $190,372.80 — a difference of $31,728. Nevertheless, there is little doubt about the fact that the $190,000 price tag for this nearly two-decades-old iPhone model exemplifies the growing market for vintage Apple devices.
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