First-Generation, Unopened iPhone From 2007 Gets $39,000 at Auction

[Gunnar Larson]

https://www.businessinsider.com/apple-first-generation-unopened-iphone-from-2007-auctions-for-39000-2022-10


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An unopened first-generation iPhone from 2007 still in its original box has
sold for more than $39,000 at auction
Sarah Jackson Oct 17, 2022, 1:32 PM
first iphone steve jobs
Apple CEO Steve Jobs holds up the new iPhone that was introduced at
Macworld on January 9, 2007. David Paul Morris/Getty Images
A first-generation iPhone from 2007, still unopened in its original box,
has fetched more than $39,000 at auction.
That's more than 65 times its original price of $599, or roughly $860 in
today's dollars.
The phone has a 3.5-inch screen, a 2-megapixel camera, and the Safari web
browser.
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If you had bought the first-generation iPhone when it debuted in 2007, it
would've cost you $599. Fifteen years later, someone is paying almost
$40,000 for the same thing.

An original iPhone just sold for $39,339.60 at auction. It was unused and
unopened, still in its original sealed box.

"Collectors and investors would be hard pressed to find a superior
example," the item description read. "Relevance and rarity comprise a
winning formula for this red hot collectible."

The tech relic was listed on LCG Auctions on September 30, and the auction
concluded Sunday. It was estimated to fetch $30,000 or more on the auction
block. Its price at sale is more than 65 times its original price when the
phone first came out.


Bidding started at $2,500. Hours before the auction ended, the top bid
hovered around $10,000, but bidding ramped up as the auction neared its
close.

Unveiling it 15 years ago, late Apple co-founder and CEO Steve Jobs called
it "an iPod, a phone, and an internet communicator" all in one. The
first-generation iPhone came with a 3.5-inch screen, a 2-megapixel camera,
and the Safari web browser; it was initially available with only 4 GB or 8
GB of storage, but later had a 16 GB option.

Apple's best-selling product has come a long way since then. The newest
iPhone today, the iPhone 14, has a 6.1-inch screen, a 12-megapixel camera,
and up to 512 GB of storage. It retails for $799.
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