For more than 50 times the original price, an anonymous collector paid more than $39,000 for a first edition iPhone, coming into ownership of a piece of history.

In 2007, the first iPhone was unveiled by Steve Jobs, resulting in over 1.4 million phones sold just in 2007 and a revenue of $630 million, according to cnbc.com.

The phone had 8GB of storage and a 2-megapixel camera. The most recent iPhone, the iPhone 14, has 128GB of storage and a 12-megapixel camera.

The 15-year-old iPhone was sold by LCG auctions. The device was originally sold for $599 when it first released in 2007. The opening bid was $2,500, but the price quickly increasedwell into five figures.

“We expected the bidding for this item to be fervent and it did not disappoint as a handful of avid and sophisticated collectors drove the price from just over $10,000 on Sunday afternoon to this record-setting amount by Sunday night,” LCG Auctions founder Mark Montero said in an interview with CNBC.

The iPhone was advertised as being in “exceptional condition” with “pristine” labels and no aftermarket stickers on the box.