““650,000 won → 130 million won…it’s a relief that I didn’t throw it away” This ‘old phone’ won the lottery” – The Herald Economy

2023-07-01 07:37:20

iPhone 1st generation released in 2007. [유튜브 ‘Nick Ackerman’ 캡처]

[헤럴드경제=이영기 기자] “One phone costs the price of a luxury foreign car”

There is a prospect that the auction price of a ‘junk phone’ released 16 years ago will far exceed 100 million won. Now we are talking regarding the iPhone, which is regarding to be released in the 15 series. As the auction of the early iPhone models is approaching, great interest is gathering among Apple fans and smartphone collectors around the world.

The ‘iPhone 1st Generation 4GB Model’ auction begins at 5:00 pm on the 30th (local time). [LGC옥션 홈페이지 캡처]

According to MacRumors, an overseas IT media outlet on the 30th, the auction of the ‘iPhone 1st generation 4GB model’ starts at 5:00 pm on the 30th (local time). This auction is hosted by LGC Auction, and the starting price is $10,000 (approximately 13 million won). It is an amount that has increased more than 20 times from the factory price of 499 dollars (regarding 650,000 won).

The ‘iPhone 1st generation 4GB model’ at the auction was Apple’s first smartphone released in 2007. He is also the main character of the keynote introducing the iPhone, which Steve Jobs, which is considered a historic scene, personally presented.

Steve Jobs giving a keynote to introduce the first generation of the iPhone. [유튜브 ‘Everything Apple’ 캡처]

In addition, the model is known to be rare worldwide. The first generation iPhone was released in 4GB and 8GB models, which are very small at the moment. Soon, Apple decided to produce a 16GB model, and the 4GB and 8GB models disappeared within months of release.

Due to its historical value and rarity, there is also a prospect that the final winning bid price of the model will skyrocket. The industry predicts that the successful bid price of the model may reach up to 100,000 dollars (approximately 130 million won). “The 4GB model is over 20 times rarer than the 8GB model, so it wouldn’t be surprising if it set a new record selling price,” explained LGC Auctions founder Marc Montero.

The ‘iPhone 1st generation 8GB model’ sold for regarding $63,356 in February. [LGC옥션 홈페이지 캡처]

The possibility of being traded at an unimaginably high price is sufficient. This is because the 8GB model has already been traded for tens of thousands of won. At an auction held in February of this year, the first-generation 8GB iPhone model sold for $63,356 (approximately KRW 83 million). The starting price of the auction is 2,500 dollars (approximately 3.29 million Korean won), and it is traded at a price that has risen by more than 25 times.

Attention is also drawn to the unusual history of the seller of the ‘iPhone 1st generation 4GB model’ appearing in this auction. The seller is known to be one of the employees on the engineering team at the iPhone’s launch. The model in the auction is in a sealed state as it left the factory.

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