An unopened 2007 iPhone was auctioned in the US for an expected price of $50,000. The iPhone belongs to Karen Green, who received the iPhone as a gift from her friends in 2007. This is further proof that the first generation iPhone is a collector’s item.

An unused and unopened iPhone 2G or iPhone 1 was reportedly given to Green when he got a new job in 2007. However, at that time he already had three phone lines and carrier compatibility issues prevented him from using the device. It’s been on its shelf ever since but tried to sell the device in 2019. However, the iPhone’s $5,000 value did not meet his expectations. It is now ready to sell the product with an expected minimum sales of $50,000. Green hopes to use the proceeds from the auction to finance his business.

The auction is organized by LCG Auctions and will run until February 19. This isn’t the first iPhone to sell for such a high price. Currently, a first-generation iPhone can cost at least $30,000 to $50,000. Some people may still have several unopened and unused first generation iPhones. iPhone prices will continue to rise as demand grows.

The Apple iPhone has undergone a remarkable transformation since its introduction at the turn of the millennium. The current models are the iPhone 14 series, and the top pick is the iPhone 14 Ultra.