First-Generation iPhone Auctioned Off For More Than $63K

A first-generation iPhone has auctioned for $63,356.40, making it the highest amount a first-gen iPhone has ever sold.

The phone, which was from 2007, sold more than 100 times higher than its original sale price of $599 and was kept sealed by the owner, LCG Auctions confirmed.

Karen Green, a cosmetic tattoo artist in New Jersey, received the iPhone as a gift but never opened it because she was tied into a Verizon contract, and iPhones weren’t a part of the network then, the Business Insider reported.

Green contacted LCG Auctions in October after she learned about another first-generation iPhone from 2007 that auctioned for $40,000.

The auction opened on February 2 and closed on February 19, with budding for the device starting at $2,500. It was expected to sell for at least $50,000, but it ended up going for $13,000 more.

Green told the outlet she needed the money for her business.