A Never-Opened First-Generation 2007 iPhone Just Sold at Auction for 100 Times Its Original Price The iconic phone sold for more than a Tesla Model Y.

By Sam Silverman

Eric Slomanson | Bloomberg | Getty Images

A first-generation, never-opened 2007 iPhone sold at auction last week for $63,356.40, surpassing expectations. (The 15-year-old relic was expected to sell for $50,000.)

The phone, which was listed in early February, was factory-sealed and featured 8 GB of storage and Apple's original 3.5-inch screen. Bidding started at $2,500.

The sale price was over 100 times more than its original cost of $599.

RELATED: An Unopened 2007 First Generation iPhone Expected to Take in a Whopping $50,000 at Auction

The auction garnered 27 bids, according to the auction house, LCG Auctions. Founder Mark Montero told CNN that 10 buyers duked it out for the pricey mobile. Although it's unknown who snagged the first-edition phone, Montero told the outlet the buyer was from the United States.

Although the buyer took home a piece of history, the phone's original owner, Karen Green, is the one who came out on top with a huge payday.

In 2019, Green showed off her prized possession on the show "The Doctor & The Diva," saying she received the phone as a gift when it was first released, however, she never opened it because she had a Verizon phone plan already and iPhones only operated on AT&T at the time, per Business Insider.

During the show, the phone was appraised by Ph.D. Antiques Appraiser Dr. Lori for $5,000.

Prior to the latest sale, a similar mint-condition iPhone sold at auction in October 2022 for $39,339.60.

RELATED: 'What a Shame': A Generation Mourns as Apple Announces It Will Discontinue Beloved Device

Wavy Line
Sam Silverman

Entrepreneur Staff

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. Her coverage spans from business and tech to entertainment news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Editor's Pick

She's Been Coding Since Age 7 and Presented Her Life-Saving App to Tim Cook Last Year. Now 17, She's on Track to Solve Even Bigger Problems.
I Helped Grow 4 Unicorns Over 10 Years That Generated $18 Billion in Online Revenues. Here's What I've Learned.
Want to Break Bad Habits and Supercharge Your Business? Use This Technique.
Don't Have Any Clients But Need Customer Testimonials? Follow These 3 Tricks To Boost Your Rep.
Why Are Some Wines More Expensive Than Others? A Top Winemaker Gives a Full-Bodied Explanation.

Related Topics

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Growing a Business

Subscribers Exclusive Event: Discover How These 2 Founders Turned Their Side Hustle into a Million-Dollar Lifestyle Brand

Learn how you can transform your personal brand into a thriving business empire with co-founders of The Skinny Confidential


Take Your Social Media Earning Potential Sky-High With This $79.97 Quadcopter

Get this beginner-friendly drone for a great price for Father's Day.

Health & Wellness

Sleep Better, Snore Less, and Stay Cool with This Tech-Packed Pillow, Now $49.99

Let technology help you sleep better with this 8-in-1 cooling pillow.


How do You Turn Employees Into Problem-Solvers? Follow This 3-Step Leadership Formula.

As leaders, we need to solve company problems effectively. We often have the urge to fix everything quickly, but is this system of problem-solving really sustainable?