Key takeaways:
- The original 2007 iPhone sold for $63,356.40 in an online auction, more than 100 times its original cost of $599.
- The phone was owned by Karen Green, who had it appraised in 2019 and kept it sealed in its box.
- The sale of the original iPhone serves as a reminder of the power of nostalgia and the value of collecting rare items.
An original 2007 iPhone sold for an astonishing $63,356.40 in an online auction on Sunday, more than 100 times its original cost of $599. The phone, which was still sealed in its original box, was expected to fetch $50,000 but exceeded that estimate by more than $13,000.
The phone was owned by Karen Green, who had it appraised in 2019. Despite the fact that she had already upgraded to a newer phone, she decided to keep the original sealed in its box.
The phone was put up for auction by LCG Auctions, and the bidding started at $2,500. After 27 bids, the phone sold on Sunday. The phone was an 8GB model, which was estimated to be worth $5,000.
The original iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It had no app store, ran on a 2G network and was exclusive to AT&T’s network.
The identity of the winning bidder and the number of collectors or companies that vied for the item remain unknown. The sale of the original iPhone serves as a reminder of the power of nostalgia and the value of collecting rare items.
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