Unopened First-Generation iPhone Expected To Sell for Roughly $50K at Auction
The online auction, which is being run by LCG Auctions, opened to the public online on February 2, with an initial starting price of $2,500.
A first-generation iPhone that has remained sealed and unopened since it was released in 2007 will be going up for auction, where it's expected to go for around $50,000.
Cosmetic tattoo artist Karen Green received the OG iPhone model, which cost $599 at the time, as a gift from friends, but was unable to use it because the Apple product was initially only available for AT&T and not Verizon, which was her mobile network operator. So she wrapped it inside a pair of pajamas for safekeeping.
After learning that another first-gen iPhone was auctioned off for nearly $40,000, Green decided to put her gift up for sale, as well. She says she hopes to use any money from the auction to support her business.
“It took me almost a year to get it up and running, and when you don't have an income for a year because you don’t have a place to work and you're trying to get out on your own, your resources start to go,” she said.
The online auction, which is being run by LCG Auctions, opened to the public online on February 2, with an initial starting price of $2,500. The bidding will close on February 19.