Sealed iPhone From 2007 Sells for $39,000 at Auction

Apple's iPhones are expensive compared to many Android phones. Over the years, it has set a benchmark for premium phones, asking for higher price for its features. Continuing with the trend, the latest iPhone 14 was launched last month to attract customers with some unique features. But on Sunday, someone dished out $39,339.60 for an untouched, unboxed, original 2007 iPhone. This broke the notion that the latest iPhone are on the pricey side. The first generation iPhone was released by Apple co-founder Steve Jobs in 2007.

The auction was held by LCG Auctions where the gadget was sold for over 65 times its original $599 price tag.

The auction house had put the 8GB variant of the iPhone and thought it will get $30,000 but the winning bid crossed its expectations, according to a report in CNET.

"One of the most important and ubiquitous inventions of our lifetime," the description of the item on LCG Auctions' website read. "This factory sealed, first-release example is in exceptional condition... Collectors and investors would be hard-pressed to find a superior example."

The bidding opened at $2,500 and ran from September 30 to October 16.

The original iPhone was launched on June 27, 2007, with Mr Jobs calling it a combination of "an iPod, a phone, and an internet communicator". It revolutionised the smartphone market and started the race to offer better gadget to consumers.

The original iPhone had a 3.5-inch screen, a 2-megapixel camera and a web browser.

Apple launched the latest iPhone in four variants - iPhone 14, 14 Plus, 14 Pro and 14 Pro Max. Thanks to a stronger US dollar, the two higher variants of the new iPhones are more expensive than their predecessors in India. At the time of launch, the iPhone 14 Pro was priced at Rs 1,29,900 for 128GB, Rs 1,39,900 for 256GB, Rs 1,59,900 for 512GB and Rs 1,79,900 for the 1TB option. The larger iPhone 14 Pro Max was being sold at Rs 10,000 more at each level, so the prices were Rs 1,39,900, Rs 1,49,900, Rs 1,69,900, and Rs 1,89,900 respectively.