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An auctioned iPhone 1 will multiply its original value by 260

  • March 25, 2024
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If until now we could doubt the auction value of the iPhone 1, which is still waiting for its moment to hit the collectors’ market, without a doubt

An auctioned iPhone 1 will multiply its original value by 260

If until now we could doubt the auction value of the iPhone 1, which is still waiting for its moment to hit the collectors’ market, without a doubt the result of the auction, which started on March 8 and ended just a few hours ago, is the definitive confirmation that we are facing a phenomenon, which though he appears to be far from recovering the ceiling he reached a few months agois still in good shape.

As we told you then, the prediction of the auction house that organized this sale estimates that its final price will be more than 100,000 euros, which might seem like a complete outrageousness, since we have not even remotely seen such high prices in previous auctions. For example, in 2022 an iPhone 1 was auctioned for $39,339, almost 65 times its original value, and another event of this type in early 2023 resulted in a final price of $63,356.40, more than 100 times its original value. Original value.

However, the iPhone 1 auctioned this month had a significant difference from those, and that’s it This unit had a 4GB storage model, while the ones mentioned above had a capacity of 8 gigabytes. And although when buying a new smartphone, the price of the models increases depending on their larger capacity, in this particular case the 4 gigabyte model is much more valuable because it was produced in much fewer units and was available on the market for barely two months.

An auctioned iPhone 1 will multiply its original value by 260

So we’re talking about what is the most collectible iPhone model today and probably forever, which explains to us that the iPhone 1 4GB auction ended with a selling price of $130,027.20, about 260 times the retail value when it was on the market, which was $499. Recall that its starting price was $10,000 and that there were a total of 23 bids in the end.

However, Why do I say this auction was far from the ceiling? Well, because, as we can see on its information page, in July of last year a similar model was sold, also with unopened packaging, for just under $190,373, while a second iPhone 1 4GB was auctioned in October of last year, reaching $133,435. However, to understand the price of the unit sold in July 2023, it must be taken into account that it was the first to arrive at this auction house, and therefore it is understandable that it generated more interest among potential buyers.

Source: Muy Computer

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