Wesley Hilliard
A 2007 iPhone sealed in its original packaging is up for auction, and is expected to sell for $30,000 or more.
LCG Auctions is holding its 2022 Fall Premier Auction until October 16. Among the many lots is an original iPhone sealed in its box.
As of Thursday afternoon, there are 14 bids with the original bid at $2,500. The current bid shows $8,633.
LCG lists the potential bid at $30,000 or more, but it's not clear what they base this figure on. Given the trend of the auction, this target is in reach and could get hit in the final hours of the auction as more bidders make their play.
The box is sealed in the original plastic wrap. It is undamaged and never had any packaging, store, or shipping labels attached.
The barcodes and regulatory information are visible and unfaded on the back of the box. It is an 8GB model that cost $599 when it was released.
Users can bid or watch the auction until October 16 at 5 pm EST. It can be viewed on the LCG Auctions website.
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21 Comments
Buying the stock has yielded more than that!
The $599 price was with a two or three year contract, so buying it without a contract, if you could do that, would have cost about $1000, which would be worth about $1500 in today's dollars, due to inflation. Taking these two factors into consideration, the value of the unopened box has increased by a factor of 20. That's still pretty good. The stock has jumped by a factor of 50 since then, although I don't think that accounts for inflation (if you accounted for inflation, the stock jump is probably closer to 33.)
You couldn’t buy an original iPhone without a contract…
What? Of course you did. I walked into an Apple store in 2007 and bought an iPhone (8gb) and I never had a cell contract. This was in the US of course -- I believe the only market with iPhones at that time. In any case no one was spending $1000 on an original iPhone.
I have the box, the shrink wrap and the phone. Unfortunately, the box is not sealed and the phone is used. It still works though, which is pretty cool!
