The first-generation iPhone at the auction was unused, in its original packaging, and had 4 GB of internal capacity (LCG Auctions).
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According to some websites, a first-generation iPhone sold at a public auction for more than $130,000.
According to available information, LCG Auctions held a public auction to sell a first-generation iPhone 2G. The phone was initially offered for $17,000, but the price was raised two days later. To be sold for 130,000 and 27 dollars.
Some blogs reported that the phone was unused, packed in its original box, and had an internal memory capacity of 4 GB, and the auction business expected the model to get more than $100,000, which it did. The company previously offered a phone of this type for $190,000.
Scarcity is the key reason for this iPhone's high selling price. Apple discontinued production of the 4 GB iPhone on September 5, 2007, just over two months after it was released.
It later introduced models with 8 GB of memory, making the first category almost 20 times rarer and more expensive to collectors of old unusual phones.
However, the device went for less than two phones of the same model that were previously auctioned off. In July 2023, the same model went for more than $190,000. Later, in October of the same year, the same model sold for $133,435.
A business card signed by Steve Jobs went for $181,183 at the same auction, while an Apple-1 signed by Steve Wozniak sold for $323,789.
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