First-generation iPhone sells for record $190,000 at auction

ViewA factory-sealed Apple iPhone from 2007 has set a new record after fetching $190,373 at auction — more than 300 times its original retail price of $499.

The 4GB first-generation device blew past initial sales estimates of $50,000 to $100,000 when it hit the auction block at the end of June. The starting bid was $10,000....