53097 106355 52807 105640 imagecreditauction xl xl

The original sealed iPhone is now worth more than a Tesla Model Y

[LCG Auctions]

53097 106355 52807 105640 imagecreditauction xl

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The original iPhone, still in the box and sealed from the factory, managed to fetch $63,000 at auction, setting a new record for sales of the rare artifact.

The first-generation iPhone deal with LCG Auctions launched on February 2 and ended on February 19. At the time, the package was expected to be around $50,000, but it has far exceeded that figure.

In conclusion, the starting price of $2,500 was followed by 27 offers, bringing the factory sealed smartphone price to $63,356.40, including buyer’s premium.

The unused iPhone belonged to Karen Green, who received it as a gift from friends in 2007. However, since the original iPhone was only compatible with AT&T and she was a Verizon customer, the iPhone went into storage.

Green appraised an iPhone in 2019, valued at $5,000 at the time. After holding it for a while longer, Green puts it up for auction to raise money for the business.

Unlike recent iPhones, the original is much more modest, with a 3.5-inch screen with a resolution of 320 x 480 pixels, a 2MP camera, and 2G cellular connectivity. In auction condition, it was kept in the original packaging, which shows the iPhone on the front of the box, its plastic casing still intact.