An unopened first generation iPhone manufactured in 2007 is set to sell for $50,000 at an auction on Thursday. Business Insider reported that Karen Green received the phone, which contains a 2 megapixel camera and 8GB of storage, as a gift when she got a new job.
At the time she had bought a new phone recently, and the smartphone was not compatible with her cellular network, so she opted not to put it to use. So Green put it on a shelf, where it remained "wrapped in a pair of felt pajamas" for years.
She could not believe her luck when she discovered that a first generation iPhone from 2007, the same year her gift was manufactured, had been sold for $39,339.60. She soon contacted LCG Auctions, which had handled the sale and was finding itself drowning in messages from people still in possession of old iPhones.
