The Kenmore Kitchen Appliance Co. in Kenmore, Texas, has sold its first propane kitchen appliance for $1.6 billion.
The Kenmore appliance, named Kenmore Model A, will be available in stores starting Oct. 7, according to the company.
The company says it hopes to have more appliances in stores soon, but has not provided a timeline for that.
The appliance is the latest in a string of high-end appliances, including a home theater system and a kitchen appliance with a water filtration system, that were sold last year at record prices.
The high-priced appliances, like a refrigerator, were not necessarily the most expensive, but they were the most technologically advanced.