An unopened first-generation iPhone from 2007 is going up for auction, and it's expected to fetch at least $50,000 — more than 80 times its original price
"If I could hold off on the phone for like another 10 years, I probably would," she says."The only reason why I am selling that phone is because I need to support this business."
Shocked by the big sale, Green reached out to the auction house behind it, LCG Auctions. But many others who heard about the October auction also phoned in. "We got calls from everybody, but 99% of them didn't have the same thing," said LCG Auctions founder Mark Montero."But Karen had a really unique piece with a great story behind it."Bidding will start at $2,500 but the phone is estimated to fetch $50,000 or more, based on the sale price in the October auction and its widespread media coverage.
"It took me almost a year to get it up and running, and when you don't have an income for a year because you don't have a place to work and you're trying to get out on your own, your resources start to go," she said. "If I could hold off on the phone for like another 10 years, I probably would," she says."The only reason why I'm selling that phone is because I need to support this business."Subscribe to push notifications
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