An initial-edition iPhone was auctioned off for an astounding $63,356.40, far exceeding its original cost by a hundredfold.
The 2007 phone was listed for sale on LCG Auctions, still in its original box, and it was projected to sell for $50,000, but after 27 bids, it went for $13,000 above the estimated value. The auction started with a bid of $2,500.
When Karen Green was appraised the phone in 2019, it was determined to be worth $5,000 due to its 8GB capacity and it still being in the original box. In 2007, her mates had gifted her the iPhone in celebration of her new job, however, since she had already acquired a new phone, she chose not to open it.
During MacWorld, a conference held in San Francisco, Steve Jobs showed off the original iPhone on Jan. 9, 2007. It became purchasable about five months later, due to its eye-catching design, reactive touch screen, web browsing abilities, and a 2-megapixel camera, it experienced quick success.