Some websites reported that a first-generation iPhone was recently sold at a public auction for more than $130,000. The phone was unused, in its original box, and equipped with 4 GB of internal memory.
The main reason for the high selling price of this type of iPhone is scarcity. Apple stopped production of the 4 GB iPhone on September 5, 2007. It then launched models with 8 GB of memory, which made the first category approximately 20 times rarer, and became more valuable for fans of collecting old rare phones.