A rare sealed box of the original iPhone has fetched a whopping $190,373 at an auction. While original iPhones have often found a place in auctions, this one is a 4GB version that was manufactured for only the first two months of the iPhone's debut in 2007.
What Happened: An auction of the original iPhone has fetched its owner a record $190,373. The iPhone is in sealed condition and the winning bid is three times more than the previous record of $63,000 set in February this year.
See Also: You Can Get The Top-End 14-inch MacBook Pro M1 At A Huge $700 Discount
Apple Inc. AAPL memorabilia fetching record amounts in auctions are common – earlier, a 1983 letter from Steve Jobs with his signature fetched its owner a record $480,000.
The auctioneer LCG Auctions had set an estimate of $50,000-$100,000 for the original iPhone, but the winning bid beat expectations by a huge margin. Adding to the lure is likely the fact that this is a 4GB version, which is very rare – it had extremely limited production runs since Apple launched an 8GB version for $100 more, which ate into the demand for the 4GB version.
Apple Collectibles Are Highly Valuable: Apple collectibles – everything from sealed iPhones to signed letters and products, are usually in high demand and fetch a lot of money in auctions.
For instance, the original Apple founding contract fetched $1.59 million in 2011 – the contract established Apple as a corporate entity in 1976. This was more than ten times the initial estimates of $150,000.
If you have an Apple product, you might just want to consider keeping it in pristine condition – it could one day make you rich!
Image Credits – Shutterstock
Check out more of Benzinga’s Consumer Tech coverage by following this link.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
