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LCG Auctions successfully sold another unit of a sealed original 2007 4GB iPhone. According to the firm’s website, the bidding ended on Sunday, allowing it to sell for a total of $133,435.20.
As LCG underscored on its website, what makes the item unique is its 4GB memory. To recall, Apple released the model in June 2007, with the 4GB variants having a very limited production time, as the company chose to favor the 8GB model due to its popularity. With this, the 4GB model was only manufactured for a few months, making it rare compared to its 8GB counterpart.
“The original 4GB model is considered a ‘Holy Grail’ amongst iPhone collectors,” LCG noted on the item auction page. “Its extreme scarcity is directly related to its limited production. Debuting on June 29th, 2007, alongside the 8GB model, the 4GB model was hampered by slow sales. Buyers chose to pay the $100 upcharge in exchange for double the storage space. The lagging sales resulted in Apple making the decision to discontinue the 4GB model on September 5th, 2007, just over two months after it was first released.”
According to LCG, the latest unsealed 4GB iPhone was sold with the Apple Store receipt and bag, with the details on the former “fully legible.” The item was part of the LCG’s 2023 Fall Premier Auction, which ran from October 13 to 29.
The iPhone didn’t reach its estimated $175,000 to $225,000 worth, but its final selling price is relatively close to the winning bid price of the same unit sold in July:
LCG Auctions has sold the rare 4GB model of a factory-sealed original iPhone for $190,372.80. The price went beyond the expected 50,000 to 100,000 selling price of the unit, which was placed on an auction in June.
The bidding was held until yesterday, July 16, with a huge price of $158,644. Nonetheless, the auction was closed with a surprising $190K price, nearly double the expected maximum $100k selling price of the unique 4GB iPhone model.
The unit was originally owned by a person who was a part of Apple’s original engineering team when the models were introduced. During the auction, the package was also promised with a letter of provenance, further adding to the item’s value.
