Remember the first-generation iPhone that was expected to sell for $50,000 at the auction block? Well, it really raked in some serious bank, after all.
The bidding started at $2,500 and after a total of 27 bids, the phone sold on Sunday, according to reports.
The original owner of the phone, Karen Green, was gifted the phone in 2007 from her friends after landing a new job, but she never opened it because she didn’t want to get rid of her other phone. But at the time, Green already had three phone lines with Verizon, and iPhones would only use AT&T,reported. So, to dodge the termination fee, she “left the phone on a shelf for years, unopened and unused, wrapped in a pair of felt pajamas for extra measure.
She had it appraised in 2019. Due to the phone being an 8GB — not 4GB — and was still in the original box, it was estimated to be worth $5,000, according to reports. “I didn’t want to get rid of my phone, and I figured, ‘It’s an iPhone, so it will never go out of date,’”But this isn’t the first time an old iPhone has been auctioned before because one sold for $35,414
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