We know that Apple and Steve Jobs’ products have been bought by collectors for years. Many iPhone, iPad and Mac models have been auctioned off before. Now it was announced that a 21-year-old brand new iPod was sold at a record price.

Unopened first generation iPod sells for $29,000

The first generation iPod model, which has been stored unopened since 2001, was purchased by a private collector for 29 thousand dollars. It was stated that the iPod, still in its original packaging, was packaged as a Christmas gift in 2001. The owner of the iPod bought the product from an Apple store for 399 dollars.

According to the auction report, the first owner of the iPod never opened the Christmas gift. He said it remained closed in his closet, along with the blue Apple gift bag and case. The person who wanted to sell his device followed an interesting method for the auction.

Uploaded to Rally, a collectible investment platform, the iPod was divided into 5000 shares, each worth $5. This allowed many collectors to own a small piece of the rare product. But a private collector stepped in and bought the shares for $29,000, cutting out other shareholders.

Old Apple products and Steve Jobs memorabilia have recently appreciated in value. Just a few weeks ago, a “sealed” iPhone model from 2007 was auctioned off for $190,000.

In another auction, a 1976 Apple-1 signed by Steve Wozniak became a collector’s item for $200,000.

Such devices draw attention to the early days of Apple, the world’s most valuable company. Many people also prefer to keep them as collectibles.