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On June 29, 2007, Apple sold its first iPhones. In memory of this, LCG Auctions launched an auction for a rare 4GB model of a factory-sealed original iPhone. The auction site believes its current value can reach up to $100,000, a huge difference from its original $499 selling price in 2007.
iPhone continues to evolve, and we are about to get the latest iPhone 15 series in September. Nonetheless, nothing will beat the value of a sealed 16-year-old sealed iPhone with 4GB storage. LCG says the auction for the item could range from 50,000 to 100,000, which should allow it to beat the record of the iPhone 8GB model that was sold for $63,000 in February.
To recall, the launch of the original iPhones started with 4GB and 8GB models. However, the company saw that its customers favored the latter over the former, causing it to halt the production of the said version with lower storage. With this, the 4GB model was only manufactured for a few months, making it rare compared to its 8GB counterpart.
“Based upon our recent record-setting sales and the fact that the 4GB model is probably 20-times rarer than the 8GB version, we would not be surprised if it establishes a new record sale price,” said LCG Auctions founder Mark Montero.
The item being auctioned is said to be owned by a person who was a part of Apple’s original engineering team when the models were introduced. And aside from being factory-sealed, the item will also come with a letter of provenance.
The auction already started this Thursday (at 2 pm PT), but interested individuals can still join as it will run until July 16. Note, however, that the bidding starts at $10,000. Three other iPhone items in the auction include the sealed and original 8GB iPhone, 16GB iPhone, and the first European model iPhone, with initial bidding prices of $5,000, $2,500, and $2,500, respectively.
