Factory-sealed first-generation iPhone sells for over $63,000 at auction
iPhones tend to hold their value better than most other phones, but this latest example is one for the history books. A factory-sealed first-generation Apple iPhone from 2007 sold for $63,356 at auction over the weekend.
The $63,000 iPhone in its original packaging
The device in question is an 8GB Apple iPhone and had an MSRP of $599 back in June 2007. The auction ran from February 2nd with a starting bid of $2,500, which ballooned past $60,000 over the weekend.
The phone also has an interesting history – its owner Karen Green received it as a gift from her friends over fifteen years ago. The owner was a Verizon customer at the time, while the phone only ran on AT&T’s network, so it was quickly shelved and forgotten for over a decade.
The phone was then appraised in 2019 with an estimated value of $5,000 and finally went up for auction earlier this month. Based on reports, Karen Green will use the funds from the auction to open a business.