The lot, held by LCG Auctions, opened on February 2 and ended on February 19. After receiving 27 bids, the iPhone sold for $63,356.40, over 105 times the device's original $599 selling price.
According to Business Insider, the device's original owner was given the device as a gift from friends in 2007, but never used it since iPhones at the time could only use AT&T. She simply left the phone unopened for the following 15 years. The auction listing read:
Highly desirable factory sealed first-generation original Apple iPhone from 2007.
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.
The original first-release iPhone in factory sealed condition is widely regarded as a blue-chip asset amongst high-end collectors. 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.
We are pleased to present an iconic factory sealed, first-release iPhone in outstanding condition. Our 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. Model A1203, Order MA712LL/A (8GB)
In August last year, a similar original iPhone sold for $35,000 at auction. The $63,356.40 selling price of the latest listing is a record-breaking high for an iPhone at auction.
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