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Someone actually paid $63,356 for a factory-sealed, first-gen iPhone at an auction. The iPhone was originally announced in 2007, and this one hasn’t even been unpacked yet. Well, someone was willing to pay really well for it.
Someone actually paid $63,356 for an original, factory-sealed iPhone
This is an 8GB Apple iPhone which cost $599 back when it launched in June of 2007. The auction, during which it was sold, started on February 2 with a starting bid of $2,500. It broke the $60,000 mark over the weekend, however, when it also ended (February 19).
There were actually 27 bids in between the starting bid, and the final one. The final price of $63,356 basically means that the phone sold for over 100 times more than what it originally cost back in 2007.
This smartphone was owned by Karen Green, who got it as a gift from friends over 15 years ago. She never opened it, as she was a Verizon customer, and the device only worked on AT&T’s network.
The phone was appraised with an estimated value of $5,000 back in 2019
She basically put it on a shelf, and never really got around to unboxing it, or selling it. Back in 2019, the device was appraised with an estimated value of $5,000. She finally decided to put it up for auction this month.
As you can see, she earned quite a bit of cash as a result. She probably never thought that such a high price will be reached. Karen Green already has a plan on what to do with the money too. She plans to open up a business, it seems.
It’s not exactly a secret that iPhones do keep their value over the years, so you can imagine what happens with factory-sealed ones, especially such a gem as the original one. Collectors are willing to pay crazy amounts to get ahold of such items, and this is a prime example.
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