A bidder bought a 15-year-old iPhone for 50-times more than its price, $39,000.
LCG Auctions initiated the bidding on Sunday.
The 8GB iPhone had an initial cost of $599 in 2007.
Steve Jobs unveiled the first iPhone in 2007, and Apple sold millions of units after the launch. The vintage phone sold on the weekend was advertised as “exceptional condition,” with “pristine” labels under the plastic seal and free of aftermarket stickers on the box. The 15-year-old phone had an 8GB storage capacity and a 2-megapixel camera. For comparison, the base variant of the newly launched iPhone 14 series has a 128GB storage capacity and features a 12-megapixel primary camera with an ultra-wide lens. The collector who topped the bidding paid $39,339.60 for a factory-sealed model of the first-edition iPhone.
LCG Auctions founder Mark Montero said, “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 record-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.” LCG Auctions sold the 8GB smartphone on Sunday for five figures, i.e., $39,000. The opening bid started at $2,500 but saw a significant price climb. The device retailed for $599 in 2007. In 2022, after inflation, the phone retailed at $852.
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