A new auction for a first-generation iPhone is making headlines today, and this is because of its massive expected sale in the market which would reach up to $100,000. This specific version of the original 2007 iPhone is considered one of the rarest versions of the Apple smartphone, but it is not so different from the rest.
Rare First-Gen iPhone Expected to Sell for $100,000
(Photo : LCG Auctions)
LCG Auctions posted another iPhone for sale on its website and soon to be the center of bidding amongst collectors and fans of the Cupertino company. This device is the first-generation iPhone, coming in at a sealed and unused condition, making it one of the rarest technologies out there, with expectations that it would sell for as much as $100,000.
The auction house set up a starting bid for the rare iPhone for only $10,000 but expects a higher selling price because of its unique characteristic known to Apple fans.
It would start the bidding by Friday, June 30, and end by July 16.
Read Also: Factory-Sealed 'Lucky You' iPhone Expected to Hit $60,000 at Auction
What Makes this Sealed, 1st-Gen iPhone Rare?
This sealed 1st-gen iPhone is considered a rarity, and this is because it is the 4GB variant of the original Apple smartphone that first sold in June 2007.
According to MacRumors, this is indeed a rare device as the 4GB variant was discontinued shortly after the iPhone's release and was discontinued by the company after several months. This was because people back in 2007 preferred more of the 8GB variant for more storage, effectively making the 4GB collect dusts on its shelves.
While it does not have any other special tech compared to the 8GB iPhone, the device is a special one as Apple immediately discontinued it after launch, and remains precious to collectors and hardcore fans.
Apple's Original iPhones in Auction
It is no joke that iPhones in auctions are high sellers, and this has been evidenced in the past months are people who still have unused, sealed, and good condition packages earn a lot more than what they paid for almost 20 years ago. Earlier this February, one of the highest bids was made for an original iPhone and made as much as $63,000 in an auction.
Earlier in 2022, there was an iPhone that sold for $35,000 in a sealed condition, and while this is a lower bid, the owner made a lot more than their purchase back in 2007.
The original iPhone only sold for $599 back then, and seeing its value skyrocket to astronomical heights, one can only say that Apple did a remarkable thing with its tech.
Despite the high prices already sold off at an auction for the iPhone, one may think that the device would no longer be expected to sell for more than it. However, this is a rare artifact we are talking about, a limited release from Apple which was discontinued shortly after low sales because of its low storage offers for the company.
Related Article: [Did You Know?] Apple's Very First iPhone Goes on Sale on This Day in History
