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 $190,372.80 (£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.
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