Original iPhone fetches US$68k on auction

LONDON. A first-generation Apple iPhone, in its original box, has sold for US$63,356 at auction almost 16 years after it was first released.  

The 8 GB phone, owned by tattoo artist Karen Green, had been expected to fetch around US$50 000 but the final figure reached almost 106 times the original asking price of US$599. 

LCG Auctions described it as a ‘highly-desirable factory sealed first generation original Apple iPhone from 2007’.

The sought-after technology had a starting bid of $2,500 but, 27 bids later, surpassed all expectations to fetch $63,356 yesterday.      

The first iPhone, referred to unofficially as the ‘iPhone 1’ or ‘iPhone 2G’, came with either 4, 8 or 16 GB of storage and a 2 megapixel camera.

This is a far cry from the 1 TB of storage and 48 megapixel camera offered by the latest iPhone 14 Pro.

Tech fans can purchase the latest iPhone for £1,099 or up to £1,749 for more storage and a larger screen. 

Karen had originally taken her prized phone on Doctor and the Diva’s ‘Treasure Hunt Tuesday’ in 2019, where expert Dr Lori estimated its worth to be $5,000. 

On the show Karen revealed that the almost 16-year-old phone had been given to her by friends when she started a new job.

As she had just bought a new phone herself, she never opened it and a couple of years later she was told that it could be valuable to a collector.  She said: ‘I figured: it’s an iPhone! It will never go out of date!’ 

But never in her wildest dreams did Karen expect to receive over $60k for the former gift as the $5k estimate alone on the show left her feeling ‘overwhelmed’.  Mailonline.

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