Collector Pays Over $190,000 for 16-Year-Old iPhone
The Rarity of a 4GB iPhone
In a surprising turn of events, a 16-year-old iPhone has been sold at auction for a staggering price of over $190,000. The iPhone in question is the original 4GB model released by Apple back in 2007. While it may seem unusual to pay such a hefty sum for outdated technology, collectors are increasingly willing to spend large amounts on rare items, such as Pokémon cards and retro games.
An Exceptional Collector’s Item
The 4GB iPhone model became a sought-after collector’s item due to its limited availability. At the time of release, the 8GB model was more popular among buyers, resulting in fewer 4GB versions being sold. Apple discontinued the 4GB model just two months after its release, further contributing to its rarity. The auctioned iPhone was factory-sealed and in exceptional condition, which added to its allure. The consignor, reportedly a former member of Apple’s original engineering team, never opened the device, making it even more desirable.
The recent sale of the sealed, mint condition iPhone 4GB broke records, reaching a final selling price of $190,372.80. This surpasses the previous highest auction price for a 2007 iPhone, which was $63,356.40 for an 8GB model. The auction, facilitated by LCG Auctions, attracted 28 bids and exceeded expectations. The price includes a final bid of $158,644, along with administration costs.
The Growing Trend of High-Priced Tech Collectibles
The auction of old tech items, video games, and collectibles at remarkably high prices has sparked discussions about potential money laundering or price-fixing activities. However, no concrete evidence has been presented to support these claims. Regardless of any speculation, the trend of rising prices for vintage tech items, including iPhones, suggests that now may be a good time to invest in such collectibles.
The sale of a 16-year-old iPhone for over $190,000 highlights the extraordinary lengths collectors are willing to go to acquire rare and pristine tech items. The combination of its limited availability, sealed condition, and association with Apple’s original engineering team contributed to its exceptional value. While these high-priced auctions may raise questions about potential illicit activities, no conclusive evidence has emerged. As the market for collectible tech items continues to evolve, it is advisable for enthusiasts to consider making their purchases sooner rather than later.
- “Someone Bought A 16-Year-Old iPhone For Over $190,000” – LCG Auctions
- “‘Elusive’ first-gen 4GB iPhone auctioned for record $190,373” – AppleInsider