Apple iPhone from 2007 sells for more than £145,000 at auction in US

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Apple iPhone from 2007 sells for more than £145,000 at auction in US
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LCG Auctions said the 'elusive model' is 'considered a Holy Grail amongst iPhone collectors' with its 'extreme scarcity directly related to its limited production'

A first generation 4GB model of the Apple iPhone from 2007 has sold for more than £145,000 at auction in the US.and retailed at a starting price of $499 , but was discontinued just two months later amid disappointing sales figures.

Consumers mostly favoured the 8GB model - launched at the same time with extra storage capacity but priced at around $100 more. Described by LCG Auctions as"one of the most important and ubiquitous inventions of our lifetime", the auction of the"exceedingly rare" factory-sealed 4GB model was originally expected to raise up to around £75,000.LCG Auctions said the"elusive model" is"considered a Holy Grail amongst iPhone collectors" with its"extreme scarcity directly related to its limited production".

The auction firm's website also said:"Our offering is an exceedingly rare, factory sealed, first-release 4GB model in exceptional condition.

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