Original 4GB iPhone sells at auction for nearly $200,000

An original factory-sealed 4G iPhone has sold at auction for $190,372.80. The sale, held by auctioneers LCG Auctions, began on June 30 with a starting price of $10,000, and attracted a total of 28 bids by the time it closed on Sunday.
An unopened first-generation 4G iPhone
Chloe Taylor for Fortune:The unidentified buyer purchased the brand new, sealed and never activated 1st generation device – which comes complete with 4GB of storage and a 2-megapixel camera – for almost 400 times i