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The first ever model of iPhone fetches $63k – It was never opened!

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The 2007 iPhone model sold for more than $63k, the conditions may surprise you.

In 2007, Karen Green purchased an iPhone, but unlike other people, she never opened it. On Sunday, her first iPhone went up for auction, bringing in $63,356.40 (£51,900). That exceeded predictions that the phone would sell for $50,000. It’s also more than a hundred times the $599 starting price of the 8GB phone. Nevertheless, unless your old iPhone is still in its original packaging with the shrink wrap on, don’t expect to get as much money for it.

It is extremely amazing, according to Mark Montero of LCG Auctions, to find an original, first-release model from 2007 that is still brand-new and has the factory seal on it. The auction was conducted by LCG Auctions, and it started at $2,500 on February 2 and ended on February 4 with 27 bids.

In 2007, Karen Green purchased an iPhone, but unlike other people, she never opened it. On Sunday, her first iPhone went up for auction, bringing in $63,356.40 (£51,900). That exceeded predictions that the phone would sell for $50,000. It’s also more than a hundred times the $599 starting price of the 8GB phone. Nevertheless, unless your old iPhone is still in its original packaging with the shrink wrap on, don’t expect to get as much money for it.

It is extremely amazing, according to Mark Montero of LCG Auctions, to find an original, first-release model from 2007 that is still brand-new and has the factory seal on it.

The auction was conducted by LCG Auctions, and it started at $2,500 on February 2 and ended on February 4 with 27 bids. Ms. Green claimed in a 2019 interview that friends had given her the 8GB phone in 2007 as a gift when she started a new job. Ms. Green didn’t open the present since she had recently purchased a new phone and decided to keep it.

She reasoned that since it was an iPhone, it would always be current. Thankfully, she was mistaken. Her iPhone, according to Mr Montero, “checks all the boxes high-end collectors look for: relevance, rarity, and replaceability.”Only first-generation, unopened, brand-new iPhones in mint condition, according to him, are worth it. The tale of Ms Green is “simply icing on the cake.”

Apple aficionados are known to spend a lot of money on authentic goods. An early Apple computer prototype from the 1970s sold last year for more than $677,000. Prior to this sale, first-generation iPhones in like-new condition were sold for $35,414 in August and $39,339 in October.

Ms. Green told Business Insider that if she had required the money to finance her New Jersey company, she would have hung onto the phone for even longer to cash in an even larger sum.

Prior to this sale, first-generation iPhones in like-new condition were sold for $35,414 in August and $39,339 in October.

Ms. Green told Business Insider that if she had required the money to finance her New Jersey company, she would have hung onto the phone for even longer to cash in an even larger sum. 

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