To the Highest Bidder
It's not hard to understand why items of historical value go for astronomical sums at auction, but then there's the occasional oddity that sells for more than anyone would imagine. Case in point: An unopened first-generation iPhone from 2007 is going up for auction with an estimated value of $50,000 — considerably more than the initial $599 price tag. Whether run-of-the-mill or extraordinary, an object's value often bears little resemblance to its practicality, as suggested by the record amounts spent at recent auctions of items in various categories.
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