The first-generation iPhone, unopened for 16 years, sold at auction yesterday for $63,356. The device is an iPhone model with 8 GB of memory that was released on June 29, 2007 and sold for $599 at that time.It has been on the shelf since 2007
The auction at LCG Auctions for the iPhone owned by Karen Green started at $2,500 in early February with an estimated selling price of $50,000. A total of 27 bids were submitted and the final bid was almost 106 times the value of the smartphone in 2007.
It is stated that the owner of the smartphone received it as a gift. However, at that time, the smartphone only worked on AT&T networks, the owner of the device was a Verizon customer. Karen Green, who kept the device on the shelf for 16 years, first thought of selling the iPhone in 2019, but the device was worth only $ 5,000. She waited a few more years and decided to put the device up for auction at the beginning of February 2023.
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