A 2007 iPhone was just auctioned off for a record $63K — more than 100 times its original cost. An expert explains how old gadgets became so precious to some people:
But this particular phone is the first original model"in acceptable condition" to go up for auction since then, according to LCG. And it's expecting more record-breaking sales to come.
"High-end collectors operate by the 'Three R's' - relevance, rarity, and replaceability," Montero says."A original factory sealed iPhone checks all the boxes and we believe it will only increase in value going forward." The unopened first-generation iPhone, purchased as a gift in 2007, fetched $63,356.40 at an auction this weekend.The unopened first-generation iPhone, purchased as a gift in 2007, fetched $63,356.40 at an auction this weekend.historical significance"iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone," Jobs said at the time.
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First-generation iPhone, still in the box, sells for more than $63,000The 2007 phone sold for more than 100 times its original price.
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First-generation, 2007 iPhone sells for more than $63,000 at auctionThe Apple relic sold for for an eye-popping $63,356.40 Sunday — more than 100 times its original price of $599 in 2007.
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First-generation iPhone from 2007 sells for $63,000 at auctionThe iPhone's original owner said she received it as a gift in 2007 but never opened the package since she had just gotten a new phone.
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First-generation iPhone sells for more than $63K at auctionHow much could your old electronics be worth?
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