Someone Just Bought a 15-year-old iPhone for $39K

Ah, nostalgia – the original iPhones were released when life was simpler, tech was exciting (and not ruining the planet), and everything was just a bit more fun.

That may be why a 15-year-old iPhone sold for a whopping $39,000 – more than 50 times its original purchase price.

LCG Auctions sold the first edition, an 8GB smartphone, on Sunday. It originally retailed for $599 in 2007 (which is $852 when adjusted for today’s inflation), and the price climbed quickly from an opening bid of $2,500 to over $39,000.

LCG Auctions founder Mark Montero said, “We expected the bidding for this item to be fervent, and it did not disappoint as a handful of avid and sophisticated collectors drove the price from just over $10,000 on Sunday afternoon to this record-setting amount by Sunday night.”

He added, “We congratulate the winners, our consignors, and all of the bidders for making this one of the most active auctions in our history.”


Comments are closed.