The 2007 phone sold for more than 100 times its original price.
The bidding started at $2,500 and after 27 bids, the phone sold on Sunday.
The original owner of the phone, Karen Green, had it appraised in 2019. Because it was an 8GB — not 4GB — and was still in the original box, it was estimated to be worth $5,000. Green received the iPhone in 2007 as a gift from her friends after landing a new job. But since she had already gotten a new phone, she decided not to open it."I didn't want to get rid of my phone, and I figured, 'It's an iPhone, so it will never go out of date,'" she said. Her friends likely bought the phone for $499 to $599.
The 2007 phone, which is still sealed in its box, was sold on LCG Auctions and was expected to go for $50,000, but exceeded that estimate by more than $13,000. Steve Jobs introduced the first iPhone on Jan. 9, 2007, at MacWorld, a trade show in San Francisco. It became available for purchase about five months later. Its slick design, responsive touch screen, web browsing capabilities and a 2-megapixel camera made it an instant hit.
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