A 2007 first-generation iPhone that was auctioned off brought in close to $40,000.
According to a press statement, the first smartphone, which would have cost $599 in 2007, was offered for sale and bought for $39,339 at LCG Auctions. According to Gizmodo, the top offer for the highly prized item had only risen to $10,446 as of Sunday.
“This factory sealed, first-release example is in exceptional condition,” the statement continued. “Virtually flawless along the surface and edges, the factory seal is clean with correct seam details and tightness. Labels on the reverse are correctly pristine beneath the seal. All original—no aftermarket stickers or UPC labels on this one. Brand new, never activated.”
Although the first iPhone included 16 pre-installed apps, there were few possibilities for customers because the App Store had not yet been created. The first-generation gadgets had a touchscreen, a 2-megapixel camera, four or eight gigabytes of storage, and a web browser.
“We expected the bidding for this item to be fervent and it did not disappoint as a handful of avid and sophisticated collectors drove the price from just over $10,000 on Sunday afternoon to this record-setting amount by Sunday night,” LCG Auctions founder Mark Montero told CNBC. “We congratulate the winners, our consignors and all of the bidders for making this one of the most active auctions in our history.”