A first-generation iPhone sold at auction Sunday for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007. LCG Auctions, which hosted the sale ...

The unopened first-generation iPhone, purchased as a gift in 2007, fetched $63,356.40 at an auction this weekend. Sean Gasser/LCG Auctions How old iPhones became a hot new commodity ...