A 2007 First-Generation iPhone Auctioned for a Record $190,372.80

A first-generation iPhone from 2007, often referred to as the 'Holy Grail' of iPhones, recently set a new auction record by selling for $190,372.80. The auction was conducted by LCG Auctions, and the high bid was over 400 times the original price of the device.

Considered a Rarity Among Collectors

The auctioned iPhone was a factory-sealed 4GB model, which is considered extremely rare due to its limited production. It was discontinued just two months after its launch as its popularity was quickly overtaken by the 8GB model. The rarity and short-lived production of this model have made it a highly sought-after item among iPhone collectors.

Pristine Provenance

Adding to its value, the phone's provenance is pristine. The consignor was part of the original engineering team at Apple when the iPhone was first launched. This level of authenticity and connection to the original production team makes it an especially attractive investment for collectors.

Previous Auction Records

This isn't the first time LCG Auctions has dealt with rare iPhones. In February, they sold an 8GB iPhone from 2007 for $63,356.40. However, the recent auction of the 4GB model has shattered previous records, underscoring the high demand and value placed on these early generation iPhones.