Usually iPhones plummet in value as soon as you take them out of the shop.
But there are some special cases, as seen at an auction in the US, where a first edition, unopened 4GB model sold for £145,416.
Not many of these were made at the time, leading the model to be considered the “Holy Grail” by iPhone collectors.
The lot, run by LCG Auctions, attracted 28 bids in total and sold at nearly 400 times its original price.
The final fee includes the administration costs on top of the hammer price paid to the auction house by the buyer, known as a “buyer’s premium”.
The buyer’s premium goes directly to the auction house and not to the seller.
LCG Auctions described it as “a popular high-end” and “red-hot collectable”, adding that two other factory-sealed, first edition iPhones had sold at record values in the last year.
The website described the model as an “exceedingly rare, factory sealed, first-release 4GB model in exceptional condition. Virtually flawless along the surface and edges, the factory seal is clean with correct seam details and tightness”.