The first model iPhone sold at auction for $63,000. Who owned it?

The original unopened first generation iPhone has been sold at an LCG auction for $63,356. The 8GB iPhone model was reportedly released on June 29, 2007 and was selling for $599 at the time.

Bidding at LCG auctions began in early February at $2,500. By the end of the auction, the estimated selling price had exceeded $60,000. A total of 27 bids were received. The final bid was almost 106 times the price of the smartphone in 2007.

Owner Karen Green received the phone as a gift from friends 15 years ago. At the time, the owner was a Verizon customer and the phone only worked on the AT&T network, so he put the phone on the shelf and it was forgotten about for over a decade.

The phone was worth around $5,000 in 2019 and was finally auctioned off earlier this month. It is reported that Karen Green will use the auction proceeds to start a business.