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

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

The factory sealed, first-generation iPhone was valued at $5,000

February 21, 2023 / 11:38 IST
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(Image Courtesy: LCG Auctions)
(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.

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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.