The first Apple iPhone sells for over $39,000 at auction. | Catch My Job


For the price of dozens of brand new iPhones One buyer purchases the first generation of Apple Inc.of

AAPL 1.48%

Over $39,000 game-changing gear

LCG Auctions, a Louisiana auction house, sold an unopened 2007 iPhone on Sunday. They did not name the buyer. but said he lives in Australia.

The auction states that the nearly half-inch-thick iPhone, still in its factory sealed box, is almost flawless.

“Collectors and investors will find it difficult to find a superior example,” LCG Auctions said.

LCG Auctions founder Mark Montero said on Tuesday he believed $39,339.60 was a record price for a first-generation iPhone. He said the American male seller decided to bring the iPhone to market after seeing another first-generation iPhone. It sold for $35,000 at an August auction.

“A program like this is something everyone can relate to,” Montero added. “It’s a cumulative investment.”

The original iPhone was sold in a black box with the phone’s image on the front. Early iPhone users would recognize the old app’s widgets. This includes the iPod app and the SMS message button.

Apple’s first iPhone was an old brick by today’s standards. But it was a great revolution. The phone comes with a 3.5 inch display, modern interface. And up to 16 gigabytes of storage space. It changes the mobile game at a time when many devices are still on.

When Apple released its first iPhone in 2007, the company described it as a widescreen iPod with touch controls. The company sold one million iPhones in 74 days.

An AT&T store employee holds a factory sealed iPhone in 2007.


MediaNews Group/Boston Herald/Getty Images

Potential buyers bid 28 times online for the iPhone sold on Sunday, according to LCG Auctions, starting at $2,500.

Vintage souvenir market, including iPhones, comic books and sports trading cards has increased rapidly during the pandemic Investors have been buying these items at record prices in recent years to diversify their financial holdings or to own something that can withstand inflation. Other investors buy items because they have more time to bid.

The first iPhone retailed for just $499 in the US when it was first released. The iPhone sold at LCG auctions has 8 gigabytes of storage, which is enough to hold approximately 4,000 photos.

Since 2007, Apple’s monochromatic smartphones have evolved into candy color options. The newest devices, the iPhone 14 and iPhone 14 Pro, launched in September and start at $799 and $999 respectively. Comes with at least 128 gigabytes of storage.

Mr. Montero said he expects new iPhone models to enter the market. After the owner saw the two selling for a record price in the past several months. He believes that the phone will continue to increase in value.

For now, Mr. Montero says his auction house is shipping iPhones to buyers in Australia. which asks how he should keep his iPhone

Mr. Montero said he told buyers the phones weren’t too sensitive. But he should keep it in a cool, dark place and limit the number of people who touch the phone.

On June 29, 2007, the first iPhone was released. that same day A boy named Noah Chomick was born. In the next 15 years, the iPhone grows… and so is Noah. WSJ’s Joanna Stern interviews past and present Apple executives. And follow Apple’s inventions as Apple’s inventions mature and transform all of us. Perhaps the most important new generation.

Write to Alyssa Lukpat at [email protected].

Copyright ©2022 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


Source link