People Are Actually Selling Their First Generation iPods For $20,000 On eBay

You've probably heard about Beanie Babies selling for a fortune, but now the hot-ticket item seems to be the iPod you carelessly threw into your book bag in middle school.

That's right, ever since Apple announced it will be discontinuing the iconic mp3 player, iPods from the early 2000s are going for insanely high prices on auction websites like eBay.

For example, a factory-sealed, third generation iPod is currently going for nearly a grand, while a "collector's edition" first generation iPod mini is going for $2,499.99. The most outrageous instance has got to be the second generation, classic white iPod currently priced at just about $20,000 on eBay.

But who exactly is buying these insanely high priced, outdated modes of technology? One LA-based memorabilia seller, Hermie Brieto, thinks it has to do with the nostalgia factor driving prices so high, telling The Guardian,

It's because Apple's been around for a while, and a lot of people, product-wise, they like Apple very much. I guess the collectability is because of Steve Jobs, and the history of Apple.

Whatever the case may be, it never hurts to hang on to dying technological devices. While you never know what could make you rich down the line. And hey, at least you can be certain it's not clogging up landfills. Now that's a good investment.

Citations: The $20,000 iPod: vintage Apple products net the big bucks on eBay (The Guardian)