First-generation iPhone sells for $63,000

An original 2007 iPhone sold at auction for $63,000

An original 2007 iPhone sold at auction for $63,000

In a recent auction, LCG Auctions sold a brand-new, unopened First Generation Apple iPhone for an astounding $63,356.40 USD, breaking the previous record of $50,000 USD. The New Jersey-based cosmetic tattoo artist Karen Green served as the seller for the auction, which started on February 2 and ended on February 19. Despite getting the iPhone as a gift, Green never used it because it was incompatible with her Verizon contract. In order to sell the phone and raise money for her cosmetic tattoo business, she called LCG Auctions.

The first Apple iPhone, unveiled by Steve Jobs in 2007, had a 3.5-inch screen, a 2-megapixel camera, and memory options of 4GB or 8GB. It was initially priced at $599 USD.

The item description stated that the “first iPhone contained 4/8 GB of storage, a revolutionary touchscreen, a 2-megapixel camera, and a web browser.”

A life-size representation of the iPhone with 12 icons on the screen was displayed on the iconic box. It transformed the smartphone market forever, immediately becoming Apple’s most lucrative product, and won 2007’s Time Magazine Invention of the Year award.

“A truly remarkable piece with great appeal to both collectors and investors alike.”