An original, first-generation iPhone, still in the box, has sold at auction for more than $63,000.
The 2007 iPhone sold for $63,356.40 after only being expected to go for around $50,000, according to CBS News. The sale exceeded the estimation by more than $13,000 and was over 100 times the original price of the phone in 2007.
The phone sold after 27 bids with the opening bid starting at $2,500.
Karen Green, the original owner of the phone, said she received it as a gift from her friends after landing a new job. Her friends probably purchased the phone for around $499-$599. She had decided not to open it because she already had a new phone, stating, “I didn’t want to get rid of my phone, and I figured, ‘It’s an iPhone, so it will never go out of date.'”
Recently, first-release iPhones have been auctioned for around $35,000 in August and $39,339 in October.
Tech collectors consider Apple products to be landmarks and cultural artifacts in tech history. A prominent example of this was last year when an early Apple computer prototype built in the 1970s sold at auction for reportedly more than $677,000.