Steve Jobs unveiling the new iPhone in 2007.Photo:David Paul Morris/Getty
David Paul Morris/Getty
A first-generation iPhone sold for a whopping $190,000 at auction on Sunday, far exceeding expectations.
“Its extreme scarcity is directly related to its limited production,” said LGC Auctions in its listing, noting that the phone was unopened and still in its original packaging.
A $10,000 starting bid was placed on the phone, but after 28 bids it eventually sold for $190,372.80, about 400 times what it cost when it was first on the market.
“The phone’s provenance is pristine as the consignor was part of the original engineering team at Apple when the iPhone first launched,” LCG Auctions wrote. “Collectors and investors would be hard pressed to find a superior example.”
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2007-era Apple iPhone.Courtesy of LCG AUCTIONS/MEGA
Courtesy of LCG AUCTIONS/MEGA
The sale price has now surpassed the previous auction record for an unopened first-generation iPhone, which sold for more than $63,000 in February, perThe New York Post.That 8GB iPhone also outsold its estimated price of at least $50,000, per thePost.
source: people.com
