Factory-sealed first-gen iPhone fetches 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 in June 2007. The auction ran from February 2 with a starting bid of $2,500 which topped the mark. $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 when the phone only worked on AT&T’s network, so it was quickly put on a shelf 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. According to reports, Karen Green will use the funds from the auction to open a business venture.

spring | Via