Apple is getting ready to launch the iPhone 15 series later this year. But it seems that the value of the first gen iPhone is still much higher than any of its current iterations, with the latest auctions for the original iPhone brought bids that crossed a whopping 50,000 US Dollars.

Previously, we had reported on a first gen iPhone model that was still in the box selling for over 63,000 US Dollars, marking a sales record for this smartphone model. Now, another original iPhone model that is still factory sealed saw an auction bids hit 55,000 US Dollars. In the past, there have also been unopened original iPhones that sold for 35,000 US Dollars and 39,000 US Dollars.

In other words, the value of the nearly 16 year old phone is continuing to rise even now. This trend isn’t just true for the Cupertino based giant’s smartphones but also some of its older products as well. This includes an “undiscovered” Apple-1 computer that was auctioned off for an unspecified but high sum. There was even an iPhone 11 model that sold for nearly 4,000 US Dollars since it was signed by Apple CEO Tim Cook.

Similarly, technical instructions from Steve Jobs (Founder of Apple) was sold for around 12,500 US Dollars while his business card was sold for a hefty sum of 6,188 US Dollars as well. The factory sealed iPhone that is being sold was owned by an Apple employee that got the device by working in the company. However, he already bought an iPhone back in 2007 so the spare model was never opened. And now, its value has sky rocketed over the original price tag.

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An unopened iPhone from 2007 has been put on auction in the United States for an expected price of $50,000. The iPhone is owned by Karen Green who received the iPhone gift from her friends in 2007. This is yet another confirmation of the first-gen iPhone as a collector’s item.

The unused and unopened iPhone 2G or iPhone 1 was given to Green when she landed a new job back in 2007. However, at that time, she was already having three phone lines, and carrier compatibility issues prevented her from using the gadget. It had been on her shelf since then but she attempted to sell off the device in 2019. However, the $5,000 valuation of the iPhone did not meet her expectations. She is now willing to sell the item with a minimum of $50,000 expected from the sale. Green hopes to use the proceeds of the auction to fund her business.

The auction is organized by LCG Auctions and will run until February 19. This is not the first iPhone that has been auctioned for such an amount. The first-gen iPhones could currently fetch between $30,000 and $50,000 on the minimum. A few more first-gen iPhones unopened and unused could still be held by some people. The price of the iPhones will continue to rise as they increasingly become more sought after.

The Apple iPhone has undergone an outstanding transformation since it was introduced at the turn of the millennium. The current models are the iPhone 14 series with the top pick being the iPhone 14 Ultra.

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