First generation iPhone sells for $63,000 at an auction

(Image Courtesy: LCG Auctions)

A factory-sealed first-generation iPhone has been sold for $63,356.40 (around Rs 52.4 lakh) at an online auction.

According to Apple Insider, the phone belonged to Karen Green who received it as a gift from her friends. The phone, however, was only compatible with AT&T mobile networks, and since Green was using Verizon at the time, the phone was kept in storage and forgotten.

Also Read | iPhone 15 Pro renders surface online, reveal new design and larger camera bump

In 2019, Green had the phone appraised and it was valued at $5,000. She hung on to the phone a little longer and put it up for auction to raise funds for a business venture.

The auction began on February 2 with a starting bid of $2,500 but ballooned past $60,000, when it was finally sold. In October 2022, another factory- sealed 2007 iPhone sold for more than $30,000.

Also Read | Apple may announce mixed reality headset at WWDC in June

Now excuse me while I look for my classic sixth-generation iPod with the scroll wheel. You never know what prices it could fetch.