Home United States USA — Financial First-generation, 2007 iPhone sells for more than $63,000 at auction

First-generation, 2007 iPhone sells for more than $63,000 at auction

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A first-generation iPhone still in its factory-sealed box sold for an eye-popping $63,356.40 at auction Sunday.
The unopened 8-GB iPhone was estimated to go for at least $50,000 but brought in even more cash.
The Apple relic sold for more than 100 times its original price — of $599 in 2007 — after 27 people placed online bids via LCG auctions. Bidding started at $2,500 and opened on Feb. 2.
At the time, the first-release smartphone featured an innovative touchscreen, a web browser and a 2-megapixel camera. Consumers could choose between the model with 4 GB of storage for $499 or the model with 8 GB of storage for $599 when the phone first went on sale on June 29, 2007.

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