The first iPhone , presented in 2007 by Steve Jobs , profoundly upset the smartphone market and, more generally, new technologies. Some people may feel that it would be difficult to assess the value of such a historical object. That was without counting a recent auction where it sold for over $39,000.
For comparison, the first iPhone launched in the US at the time for $599 — which today would be around $850 with inflation. 15 years later, the model thus sold sees its initial value multiplied by more than 50 times.
LCG Auctions, which organized this auction, does not hide its satisfaction. Its founder, Mark Montero, issued a press release. “ We expected the bidding for this item to be heated and it did not disappoint as a handful of avid and seasoned collectors bumped the price from just over $10,000 on Sunday afternoon to this record amount on Sunday evening .
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