A decade and a half after its release, an unopened first generation iPhone was put up for auction–and sold for $39,339.60 USD after 28 bids from a starting price of $2500 USD.
According to LCG Auctions, the iPhone is “factory sealed,” and “in exceptional condition.” They further claim that it is “virtually flawless along the surface and edges, the factory seal is clean with correct seam details and tightness…All original–no aftermarket stickers or UPC labels on this one. Brand new, never activated.” They went on to say that “Collectors and investors would be hard pressed to find a superior example.”
According to CNBC, LCG Auctions founder Mark Montero issued a statement saying:
“We expected the bidding for this item to be fervent and it did not disappoint as a handful of avid and sophisticated collectors drove the price from just over $10,000 on Sunday afternoon to this secord setting amount by Sunday night. We congratulate the winners, our consignors and all of the bidders for making this one of the most active auctions in our history.”
CNBC further claimed that the iPhone was sold for more than 50 times its original price of $599 USD ($852 USD after inflation).
When the iPhone was first released in 2007, it was named Invention of the Year and labelled as “a combination of an iPod, a phone, and an internet communicator,” by late Apple CEO Steve Jobs. The iPhone has, both literally and metaphorically, grown beyond the original 3.5 inch screen, 8GB storage and 2-megapixel camera, however, there is no doubt that it revolutionised technology at the time of its unveiling.
Compared to the original model, the latest iPhone has a 6.1 inch screen, up to 512 GB of storage, and a 12-megapixel camera. The base model retails for $799 USD ($1300 AUD).
For a more auctions, Christie’s are selling an incredibly rare Rolex for almost $7 million!
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