The 2007 first-generation iPhone sold for more than $63,000

News

by Allie Griffin

February 20, 2023 | 10:57 p.m

An original first-generation iPhone sold at auction on Sunday for more than 100 times its original selling price.
LCG Auctions

A first-generation iPhone still in its factory-sealed box sold for $63,356.40 at auction on Sunday.

It is estimated that the price of an unlocked 8GB iPhone would be at least $50,000, but it brought in more cash.

A leftover Apple has sold for more than 100 times its original price — $599 in 2007 — after 27 people placed bids online via LCG Auctions. Bidding started at $2,500 and opened on February 2nd.

At that time, the first version of the smartphone was distinguished by an innovative touch screen, a web browser and a 2-megapixel camera. Consumers could choose between a model with 4 GB of storage for $499 or a model with 8 GB of storage for $599 when the phone first went on sale on June 29, 2007.

Steve Jobs had unveiled the new product known as the iPhone months ago at a trade fair in San Francisco called MacWorld. It was awarded “Invention of the Year” by Time magazine and quickly became Apple’s best-selling product.

Gallery view

The iPhone has been kept in its original sealed packaging which increases its value.

The phone sold at auction was the higher end model with more storage capacity of the two first generation models that were released.

The 8GB phones were priced at $599 when they were released in 2007.

Karen Green said she never opened the phone she got her before because she had a new phone at the time.

Karen Green, the lucky seller of the $63,000 iPhone, said she got the phone as a gift from friends to start a new job in 2007.

She said that Green, however, already has a new phone and doesn’t want to switch wireless carriers in order to activate the iPhone.

And it hung on her shelf for 12 years until I got it Rated on the daytime TV show “The Doctor & The Diva” in 2019.

“I didn’t want to throw my phone away, and I thought, ‘It’s an iPhone, so it’ll never be out of date,'” she said during the show’s “treasure hunt” segment.

The gallery’s resident appraiser valued it at $5,000 at the time.

But in October, Green saw the first version of the iPhone unlocked It sold for $39,339 At a previous auction held by LCG.

she he said from the inside After saving the phone all those years, she decided it was time to sell it in order to support her new business endeavor—a cosmetic tattoo studio in New Jersey.

“If I can wait on the phone for another 10 years, I probably will,” Green told the outlet. “The only reason I’m selling this phone is because I need to support this business.”

The phone was purchased by an unnamed private buyer.