Sadly not every iPhone is eligible for such a large sale…but it makes you think how much iconic technology is worth!
The worth of your smartphone typically goes only in one direction…and that is down! A phone you spend close to £1000 on today will most likely only be worth a small portion of that after owning it for just a few months.
Yet, there are certain exceptions, as demonstrated by a first-generation iPhone that fetched more than £50,000 at an international auction.
The original Apple device was up for auction for 17 days with LCG Auctions and had 28 bids in total before selling on Sunday for $63,356.40 (£56,250). The initial $599 RRP was surpassed by over 10,477%… more than 100 times its original value!
It was a “highly desirable, factory-sealed first-generation original Apple iPhone from 2007” according to LCG Auctions.
In case you were wondering, your old iPhone probably wouldn’t be qualified for a similar payout. The initial iPhone’s seller, Karen Green, had not even opened the packing from Apple, much less handled the device.
Friends gave the phone as a gift to commemorate starting a new job. But at the time, Apple had a exclusivity agreement with the AT&T network as it did with O2 in the UK. The phone was simply left hidden in a cabinet and ignored since Green was bound by a Verizon contract and she forgot about the phone until years later.
Green claims that she plans to use the profits to expand her cosmetic tattoo company. She told Insider, “If I could hold off on the phone for like another 10 years, I probably would. The only reason why I am selling that phone is because I need to support this business.”
Although the original iPhone is obviously valuable for collectors when it is still in its original packaging, if the mystery buyer opened it up and tried to use it for what it was designed for, it would be disappointing.
The 2G connectivity in the US would no longer function, the 8GB of storage would hardly hold any apps or photos and with the 3.5-inch 320 x 480 screen, it would become clear that the 2-megapixel camera had limits!
However it shows a significant moment in history and demonstrates just how far technology, smart phones and apple have come in such a short space of time!
Header Imager Credit: Manofmany.com