We all know new iPhones are expensive and older ones hold value for longer. But this one takes the cake.
A factory-sealed first-generation original iPhone manage to fetch over $63,000 (around ₱3.47 million) at an auction. For perspective, the device has an SRP of $599 in 2007.
As the story goes, the unused iPhone was owned by Karen Green, who was gifted the unit some sixteen years ago. Since she was unable to use the device on her network at the time, she decided to put it in storage.
In 2019, Green decided to have the iPhone appraised which was valued at $5,000. She decided to hold it for longer, hoping to raise its value, until the present day when she decided to sell it to fund a business.
The iPhone went live at LCG Auctions and ran from February 2 to 19, 2023. It started at $2,500 and was eventually sold for $63,356.40.
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The original iPhone featured 2G connectivity with a 3.5-inch 480×320 TFT display, up to 16GB storage, a 2MP camera, and a headphone jack.