Sealed 4GB ‘Holy Grail’ Original iPhones Sell For Over $130,000 In Separate Auctions

Two “Holy Grail” iPhones went for big bucks days apart in separate auctions. LCG Auctions and RR Auction sold 4GB sealed first generation original iPhones, which were produced in 2007, for a combined $277,000. According to collectibles expert Will Stern, there were only less than 10 publicly verified sales of these rare items prior to these two auctions.

RR Auction got $147,286 for the iPhone, while LCG Auctions pulled in $130,027. Last year, LCG sold two 4GB sealed first generation iPhones: one in July for a record $190,373, and another in October for $133,435.

Why are these iPhones considered “Holy Grails” and extremely scarce? It’s because Apple only produced a limited supply.

“Debuting on June 29th, 2007, alongside the 8GB model, the 4GB model was hampered by slow sales,” LCG Auctions wrote in the description lot. “Buyers chose to pay the $100 upcharge in exchange for double the storage space. The lagging sales resulted in Apple making the decision to discontinue the 4GB model on September 5th, 2007, just over two months after it was first released.”

The 4GB model initially sold for $499 in June 2007, while the 8GB model was $599.

“Original, sealed Apple products have seen a dramatic increase in interest from collectors in recent years, with iPhones regularly achieving new record prices,” said RR Auction in its description lot.

Steve Jobs transformed smartphones after unveiling the iPhone on Jan. 9, 2007, at MacWorld San Francisco.

“Every once in a while, a revolutionary product comes along that changes everything,” Jobs said during his keynote address.

RR Auction also sold several signed Jobs items last week, including an autographed Apple business card for over $181,000.

Jobs was only 21 when he co-founded Apple in 1976, along with Steve Wozniak. The two revolutionized computers when they released the first Apple Macintosh in 1984. Jobs left Apple a year later to launch Pixar Animation Studios, but returned in 1997. Jobs and Apple proceeded to transform how the world uses smartphones when he introduced the iconic iPhone in 2007. Jobs passed away from pancreatic cancer in 2011 at the age of 56.

According to 9to5Mac, the record sale for the original 8GB model was $63,000, substantially less than the 4GB model.

The names of the collectors who purchased the 4GB iPhones were not revealed.

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