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FIRST GENERATION IPOD SELLS FOR $29,000 – AFTER BEING BOUGHT FOR $399 IN 2001

By Richard Siekris Aug 9, 2023 | 8:49 AM

A first-generation iPod that was left on a shelf by its owner for more than two decades sold for $29,000.   The Apple iPod was originally gifted to a teenager in Plano, Texas, for Christmas by his parents in 2001 – shortly after the design was unveiled in October of that year.    The iPod, which was bought for $399 at an Apple Store in Plano, was then placed on a closet shelf, still in its original packaging, until its recent rediscovery.  The sale was orchestrated by Rally, a platform which allows investors to buy and sell equity shares in collectible assets including tech memorabilia.   Initially the first-generation device was listed on the platform with 5,000 shares sold to 360 inventors at US$5 a share. But last week an unnamed private collector unexpectedly acquired all shares – securing exclusive possession of the iPod for $29,000.

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