You can buy this 2007 iPhone, but it’ll probably cost 38,000% more than retail

In 2007, the first iPhone with 4GB of storage cost about $499;Hey cost about $190,000. An auction house is selling one of those rare iPhones that was sealed in its original packaging from 16 years ago, but the iPhone ended up selling for a 38,000% increase over its original price.

“The iPhone is one of the most important and ubiquitous inventions of our lifetimes,” LCG Auctions said in its auction report. Product Description.

According to first reports, the auction house will auction the 2007 iPhone within the next two weeks. 9 to 5 on Monday. This is the third 4GB model ever sold by LCG Auctions, with the previous two selling for $190,000 and $133,000 respectively. As of Tuesday morning, the current bid for the iPhone was $11,000, but the auction house estimated the model could fetch at least $100,000.

Steve Jobs first launched the iPhone on January 9, 2007 Mike world In San Francisco, he noted that Apple is about to “reinvent the phone.” The iPhone quickly became Apple’s best-selling product and was even named Invention of the Year by Time magazine. Given the success of the iPhone 4GB, it is strange that the iPhone 4GB was discontinued on September 5, 2007, just two months after its retail release.

The iPhone 4GB was released alongside the iPhone 8GB, priced at $599. Most consumers are more than happy to pay an extra $100 to get double the storage space. As a result, Apple quickly stopped producing 4GB iPhones and never produced a phone with such little storage again. today, iPhone 15 base version has 128GB The more expensive model has 512GB of storage. The original 4GB iPhone seemed puny in comparison.

Given that the first iPhone 4GB was only on sale for two months, despite being so revolutionary, it has become quite a collectible item. LCG Auctions notes that the box for this model has never been opened and the phone inside has never been activated. The box still retains its bright colors from 2007, with little sign of fading.

Some lucky collectors will take home this original iPhone, and they’ll likely pay a hefty price for it. But it’s all worth it to relive Apple’s glory days.

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