This iPhone was sold for Rs 32 lakh in an auction! Know why

Apple launched the iPhone in 2007 and the rest is history. The popularity of smartphones has continued to grow since then and now the iPhone 14 series is the flagship device offered by the company. The first iPhone series was a turning point for the company in many ways. Recently, an unopened iPhone from 1^st generation was auctioned for Rs 32 lakh (approximately) or $39,339. Although this may sound hard to believe, this happened to be true.

The auction is conducted by LCG Auction in LA, and the starting price for the classic Apple iPhone is $2,500. There have been 28 bids for iPhone 1^st generation and it was sold for $39,339.60.

The device (sold at the LCG auction) is specifically for gear aficionados and the auction proves it. The iPhone was introduced by Steve Jobs on January 9, 2007 at MacWorld San Francisco. The device was released for a retail price of $499 / $599 on June 29, 2007. Speaking of specifications, the device offers 4GB/8GB storage, 2MP rear camera, iOS 3, jack 3.5mm, 3.5 inch screen and 1400mAh battery.

“This factory sealed first release example is in exceptional condition. Almost flawless along the surface and edges, the seal comes out clean with precise seam details and a tight fit. The labels on the back are affixed exactly below the seal. All original – no aftermarket or UPC labels on this one. Brand new, never activated. Collectors and investors will have a hard time finding an outstanding example. Relevancy and rarity comprise a winning formula for this red-hot collection,” reads the description on the LCG auction site.

The iPhone 14 series was launched globally through the ‘Far Out Event’ in Cupertino. Apple’s new series of flagship devices include the iPhone 14, iPhone 14 Plus, iPhone 14 Pro, and iPhone 14 Pro Max. The iPhone 14 series misses out on the mini model that its previous flagship line offered customers.