What if we told you that your iPhone 14 Pro Max is just peanuts in value compared to the very first iPhone way back in 2007?
People frequently bid a lot of money at auctions for antique Apple products, primarily iPhones, iPods, and Macs. They are reserved for the filthy rich and may not be to everyone’s taste. The first-ever iPhone with 4GB of storage, which the late Steve Jobs presented in 2007, has been auctioned for an astronomical sum.
LCG Auctions recently launched an auction for the iPhone 4GB. This unit’s first estimation of value placed it between $50,000 and $100,000. On June 30, $10,000 was put up for auction, and by July 13 it had slowly increased to $42,000.
However, within the last few minutes of the auction, the bid price swiftly increased to $108,356, and after a fierce bidding battle, it ultimately concluded at $158,644. The item was purchased for $190,372 (or around PHP10,333,530) which was probably after taxes. The 8GB model of the iPhone set a previous record when it sold at auction for $63,000, but the 4GB model broke it. Phil Martino, a former Apple engineer, was the owner.
The factory-sealed iPhone 4GB that was up for auction is housed in its original packaging. LCG Auctions referred to it as the “Holy Grail” among iPhone collectors because it was a rare variety. The final value increased 318 times over the selling price.
With a touch-screen, web browser, networking choices, and more, the original iPhone, which debuted in 2007, was a really groundbreaking gadget. The entry-level model with 4GB of storage cost $500. Notably, the base model was also hard to get when it first came out because it was only made in a small amount.
