First-generation, factory-sealed iPhone sells at auction for over 100 times original price

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First-generation, factory-sealed iPhone sells at auction for over 100 times original price
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A factory-sealed first-generation iPhone from 2007 sold for $63,356.40 on Sunday at LCG Auctions, more than 100 times its original sales price of $599.

from 2007 sold for $63,356.40 on Sunday at LCG Auctions, more than 100 times its original sales price of $599.to $860.10, the auction price is still 73 times more expensive than what a consumer would have paid for the product in 2007.As opposed to later iterations, the original iPhone was only available on AT&T, only came in four and eight-gigabyte options, and only had a two-megapixel camera. By, the iPhone 14 comes with 128, 256, or 512 gigabytes of storage and two 12-megapixel cameras.

The owner, cosmetic tattoo artist Karen Green, had received the phone as a gift in 2007 but was not on an AT&T plan. The phone went unused, as Ms. Green held on to it, particularly after first-generation iPhones began attracting big prices at auction.

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