Someone just paid over $39,000 for a 15-year-old iPhone—more than 50 times its original price

 How much would you be willing to spend on a piece of technological history? The result comes to slightly over $39,000 for one collector.

The late Apple CEO Steve Jobs unveiling the first iPhone in 2007

This last weekend, a factory-sealed first-edition iPhone was purchased for that much; the winning bid reached a maximum of $39,339.60.

LCG Auctions sold the 8GB smartphone on Sunday. The item's initial suggested retail price in 2007 was $599, which, adjusted for inflation, would translate to $852 in 2022. Its price swiftly increased from the first offer of $2,500 to well into five figures.

In a statement, Mark Montero, the founder of LCG Auctions, stated, "We expected the bidding for this piece to be fervent and it did not disappoint as a few avid and sophisticated collectors drove the price from just over $10,000 on Sunday afternoon to this record-setting figure by Sunday night.

We extend our congratulations to the winners, our consignors, and all of the bidders who helped make this one of the busiest auctions in our history.

Apple quickly sold millions of the original iPhone after Steve Jobs unveiled it for the first time in 2007.

With "pristine" labels behind the plastic seal and no aftermarket stickers on the box, the phone that sold over the weekend was marketed as being in "excellent condition."

The phone had an 8GB storage capacity in addition to a 2-megapixel camera.

In order to put things into perspective, the recently announced iPhone 14's base model comes with 128GB of storage and a 12-megapixel main camera with an ultra wide lens.