The first-generation smartphone of the American technology company Apple, which was auctioned by LCG Auctions, found buyers for $ 63,356.40, 100 times its real price.
10 buyers participated in the auction, which started with $2500 on February 2, 2023 and received 27 bids. The iPhone Model A1203 MA712LL/A 8GB, which was $599 at the time of its release, found its new owner at the end of the auction for $63,356.40. The original first-release iPhone in factory sealed condition is widely regarded as a blue-chip asset amongst high-end collectors.
One of the most important and ubiquitous inventions of our lifetime, the iPhone was first introduced by Steve Jobs on January 9, 2007 at MacWorld San Francisco. Just over five months later it was released at retail for $499/$599 on June 29th. The original iPhone included 4/8 GB of storage, an innovative touchscreen, a 2-megapixel camera, and a web browser. The iconic box featured a life-size image of the iPhone with 12 icons on the screen. It quickly became Apple’s most successful product, forever changed the smartphone industry, and was named the Time Magazine Invention of the Year in 2007.
Impressive public sales of $35,414 in August and $39,339 in October of last year resulted in widespread media coverage from major outlets including the Wall Street Journal, CNBC, Fox Business, and others. There’s little doubt that interest in culturally relevant collectibles is rapidly increasing, and despite the impressive sales numbers, many believe the space is still in its infancy.
This offering was consigned by the phone’s original owner, Karen Green, and is coupled with a great backstory that was first shared on the Treasure Hunt segment of the syndicated television show “The Doctor & The Diva”. Almost 16 years old, the phone presents magnificently, showcasing sharp corners front and back, rich color, and “case fresh” features. The labels on the reverse are pristine beneath the seal and shelf wear is minimal. This is the first original iPhone in acceptable condition to hit the auction block since the record-breaking sale in October. A truly remarkable piece with great appeal to both collectors and investors alike.
Although we interpret the figures reached in the auction as high, it is seen that the values of such products will increase much more in the future.