When a US auction house’s online inventory is worth less than a $2,000 iPhone

A US auctionhouse has been accused of selling iPhone-branded merchandise at less than the value of its original $2.7 million purchase.

Ars Technica reported in September that Pease Auctions had been accused by the American Association of Resale Dealers of selling an array of Apple products for less than their original sale price, and it noted that Apple has long been criticized for charging a premium for its iPhones.

In a statement to Ars, Pease denied that it was selling “toy items” or “toys” that were more than $2 million in value.

“Pease is committed to being fair, transparent and ethical,” the company said.

“We don’t make any of our merchandise, including iPhone, at any price.”

Pease’s online catalog, which has been available to the public since January 2017, has sold more than 10,000 Apple-branded products, including an iPhone 4S.

Pease also sells other Apple products, such as Apple Watch bands, MacBook Airs, and Apple TVs.

Apple did not immediately respond to Ars’ request for comment.

A US auctionhouse has been accused of selling iPhone-branded merchandise at less than the value of its original $2.7 million…