Astonishing Price of 1.3 Crore Paid for Unboxed iPhone Model at Auction

Apple products are adored by individuals, with iPhones reigning supreme. This adoration extends beyond just the latest models, as people are willing to splurge on older versions too. A recent auction witnessed the sale of a pristine 2007 Apple iPhone, still sealed in its original packaging, for an astounding $158,000 (approximately Rs 1,29,80,000).

According to a report by 9to5mac, which auctioned LCG, it was an extremely rare model. The iPhone sold was the 4GB version of the 2007 Apple iPhone, which was only produced for a couple of months. The device was put up for auction in June.

Bidding started at $10,000 on June 30 and soon reached its peak of $42,000. The auction eventually became intense with bids rising from $67,000 to a final price of $158,644. And compared to the 4GB model’s original price of $499, that’s about a 318-fold increase in value over the past 16 years, according to the report.

A report revealed that this rare iPhone came from a former Apple engineer who worked on the smartphone.

“We are offering an exceptionally rare, factory sealed, first release 4GB model in exceptional condition. Virtually flawless along the surface and edges, the factory seal is clean with correct seam detail and tightness. The stickers on the reverse side are perfectly intact under the seal. Excellent color and shine. Brand new, never activated,” the LCG auction site wrote.

“The provenance of the phone is pristine as the consignor was part of Apple’s original design team when the iPhone was first launched. Collectors and investors would be hard pressed to find a superior example. Relevance and rarity are the winning formula for this hot collectible. Model A1203, order MA501LL/A 4GB), it added .

Earlier this year, another first-generation iPhone model from 2007 fetched $63,356 (roughly Rs. 53 lakh) over the weekend. This first-generation iPhone offers 8GB of storage and was launched for $599 (roughly Rs. 48,000) in 2007.