First-Generation iPhone Auctioned For Unbelievable Price

  • A first-generation iPhone still in its factory-sealed box sold for an eye-popping $63,356.40 at auction Sunday.
  • The unopened 8-GB iPhone was estimated to go for at least $50,000 but brought in even more cash.
  • The Apple relic sold for more than 100 times its original price — of $599 in 2007 — after 27 people placed online bids via LCG auctions. Bidding started at $2,500 and opened on Feb. 2.
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