A Factory-Sealed First-Generation Apple iPhone From 2007 Sells for $39,000 USD at Auction

Last week a rare factory-sealed model of the first-edition Apple iPhone was sold for almost $40,000 USD by LCG Auctions. A collector got his hands on this piece of high-tech history for a winning bid of $39,339.60. The iPhone was advertised as being in “exceptional condition”, with “pristine” labels beneath the plastic seal and no aftermarket stickers on the box. LCG Auctions founder Mark Montero said that it’s “truly remarkable” to find an unopened 2007 model like this is in such immaculate condition with its factory seal intact.

The 8GB smartphone was first unveiled by Steve Jobs back in 2007 and it was described as a “revolution” for the mobile phone industry. Apple quickly sold millions of units, making it the company’s most valuable product and since then it has been the company’s main source of revenue.

The opening bid was set at $2500, but bids quickly rose well into the five figures as the auction came further to closing. Eventually the first-edition iphone sold for 65 times the smartphone’s original sticker price of $599.

This isn’t the first time that a first-generation iPhone has raised a king’s ransom, either. Last August, a 2007 model sold for just under $36,000 at RR Auctions.