First-generation iPhone from 2007 sells for $63K at auction

How you can turn your old cell phone, other electronic devices into cash

FOX 26 Consumer Reporter Heather Sullivan has some smart sense on how you can turn in your electronic device and get some cash.

How much could your old electronics be worth?

A factory-sealed, first-generation iPhone from 2007 just sold at auction for $63,356.40.

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According to LCG Auctions' website, bidding for the phone began on Feb. 2 at $2,500 and was expected to fetch at least $50,000. It had surpassed that by several thousand dollars when bidding closed on Sunday.

A photo on LCG Auctions' website shows the phone still shrink-wrapped in its box. The first-generation phone featured a 2-megapixle camera and an "innovative" touchscreen. The model that sold at auction came with 8 MB of storage.

A factory-sealed, original iPhone from 2007 sold at auction for more than $63,000. (Photo credit: LCG Auctions)

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According to Business Insider, cosmetic tattoo artist Karen Green was gifted the iPhone more than a decade and a half ago, but she couldn’t use it because she had Verizon, and it only worked on AT&T’s network at the time.

FILE PHOTO. Apple CEO Steve Jobs introduces the new iphone at Macworld in San Francisco Tuesday, January 9, 2007 (John Green/Bay Area News Group) (Photo by MediaNews Group/Bay Area News via Getty Images)

LCG Auctions' website shows the iPhone was the item that sold for the highest price in their 2023 Winter Premier Auction. They specialize in high-end toys and collectibles.

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In October, a factory sealed first-generation iPhone sold for just under $40,000, according to LCG Auctions' website.