LCG Auctions has just sold a factory-sealed, first release iPhone (2007) for the staggering amount of USD 190,372.
As posted on June 30, 2023, the starting bid was USD 10,000. The estimated value for this unit was initially between USD 50,000 to USD 100,000. The bidding went slow at first until the price skyrocketed from July 13th to 16th in a series of tenacious biddings—eventually reaching the final amount.
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- Photos/ LCG Auctions
The auction house reasoned out that “The original 4GB model is considered a “Holy Grail” amongst iPhone collectors.”
The 4GB model of the original iPhone, which debuted on June 29th, 2007 alongside the 8GB model, was not as popular due to slow sales.
Buyers preferred to pay an extra $100 for double the storage space, resulting in Apple discontinuing the 4GB model just over two months after its release. This limited production has made the 4GB model extremely rare and sought after among iPhone collectors.
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- Photos/ LCG Auctions
Steve Jobs, the late CEO of Apple, was the driving force behind the development of the original iPhone. The launch of the iPhone in 2007 had a considerably huge influence on the smartphone industry as we know it today. 16 years later, it’s no surprise that the OG iPhone sold for THAT record-breaking bid.
Furthermore, the 8GB versions of the 2007 factory sealed first-edition iPhone have been selling for record prices in the past months. With a record price of USD 39,339 closed in October 2022 and a newer record price of USD 63,356 this February.
So, if you ever have an unopened iPhone unit, now’s prolly the time to auction it.
