An unopened first-generation iPhone from 2007 in its original box could auction for more than $30,000 — 50 times its original price - Yahoo Finance

• When a caller iPhone comes out, Apple fans lineup to wage hundreds of dollars connected the latest model.

• A first-generation iPhone from 2007 inactive successful its archetypal container is presently up for auction and could fetch upwards of $30,000.

• The unused 8GB iPhone primitively outgo $599 erstwhile it archetypal deed the market.

Apple's newest phone, the iPhone 14, retails astatine $799 — but 1 of its precise archetypal models is going for acold much than that.

A first-generation iPhone from 2007 is presently connected the auction block, and the auction location listing it estimates it could fetch $30,000 oregon more.

The unused 8GB iPhone is inactive unopened successful its archetypal box. It outgo $599 erstwhile it was archetypal released, meaning it would beryllium auctioning for 50 times its archetypal terms if it is sold for the $30,000 estimate.

The precise archetypal iPhone came with a 3.5-inch screen, a 2-megapixel camera, and a web browser. When the precocious Apple co-founder and CEO Steve Jobs archetypal introduced it 15 years ago, helium called it a operation of "an iPod, a phone, and an net communicator" each successful one.

"This mill sealed, first-release illustration is successful exceptional condition," the item statement from LCG Auctions says. "Collectors and investors would beryllium hard pressed to find a superior example. Relevance and rarity comprise a winning look for this reddish blistery collectible."

There person been 16 bids for the telephone truthful far, starting astatine $2,500. The apical bid arsenic of this penning is $10,446. The auction ends Sunday afternoon.

Read the archetypal nonfiction connected Business Insider