Just a quick question. If he had $200,000 left in his bank account, what would he spend it on, perhaps on a house or a new car (a few new cars?). You probably wouldn’t drop that kind of cash on a 16-year-old iPhone. But that’s what happened over the weekend.
The original iPhone was released in June 2007.. At the time, Apple released two versions of his product that would go on to become their most successful products to date. Pricing is $499 for the 4GB storage model and $599 for the 8GB model. And this 4GB model is something of a collector’s item. This is because back in 2007, the 4GB version sold slower than his 8GB version. Most people just paid an extra $100 to double his phone’s storage, and as a result, Apple announced in September 2007, just two months after its release, that he 4GB version has been discontinued. Even fewer remained sealed in boxes. This (sort of) explains why his 2007 iPhone 4GB in sealed new condition sold for $190,372.80 at auction.
As Reported by tweak town On July 16th, a very rare iPhone 4GB was released. Sold for nearly $200,000 to an unknown buyer on LCGAuctions.com.
LCG Auction product descriptions suggest that old Apple phones are the “Holy Grail” among phone collectors. The phone offered for auction was still in its original factory sealed box and was apparently in “exceptional condition”. LCGAuctions said the shipper was part of Apple’s original engineering team when the iPhone was launched, presumably explaining how they got their hands on such a rare device and why they never opened it. I argued that it was not.
Other iPhones sell for similarly high prices
This isn’t the first time an iPhone has fetched a high price at auction. LCGAuctions also named several other Apple devices that have sold at incredible prices in the past nine months, including two contemporary factory-sealed 8GB iPhones. which was sold in October last year. $39,339and also hit $63,356 this February.And he sold one of his iPhones with the old original still sealed. $40,000 this yearpurchased (and opened) By YouTuber Marques Brownlee.
What is going on here? Now, many of these high-priced auctions Involves old technology, video games, and collectibles It is part of some type of money laundering or price fixing scam. For example, video game auctions are thought of as: Contains sealed copies of Nintendo games tens of thousands of dollars It’s part of a racket that allegedly involved item graders, auction houses, and wealthy customers. However, all the companies involved have denied the allegations, and there is no direct evidence to suggest that the recent iPhone auction was part of some larger conspiracy or tied to illegal activity.
Regardless of what’s going on, if you want an old iPhone or other collectible tech item, it’s time to buy it now before prices rise even higher in the future. Maybe you can use it to pay for your child’s college tuition, or the AI apps you need to compete in the 2040s job market.
