Unopened first-generation iPhone set to sell for $50,000 at US auction

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Unopened first-generation iPhone set to sell for $50,000 at US auction
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Phone from 2007 with 2 megapixel camera and 8GB storage had sat on Karen Green’s shelf for years before she realized its worth

A first generation, unopened 2007 iPhone is expected to sell for more than $50,000 when it goesThe phone, which has a 2 megapixel camera and 8GB of storage, was given to Karen Green as a gift when she got a new job, Business InsiderBut Green already had a new phone, and moreover, the iPhone was not compatible with her existing cellular network.

Rather than open the iPhone, Green stuck it on a shelf. It remained there, “wrapped in a pair of felt pajamas”, for years.The cosmetic tattoo artist contacted LCG Auctions, the auction house that handled the sale and had found itself inundated by owners of old iPhones. “We got calls from everybody but 99% of them didn’t have the same thing,” LCG Auctions founder, Mark Montero, told Business Insider. “But Karen had a really unique piece with a great story behind it.”LCG Auctions put a price estimate of “$50,000 and up” on the phone. The auction opens on Thursday and will end on 19 February.

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