A first-generation iPhone still sealed inside its box sold for $54,904 at auction, which is more than $54,000 over the original $599 price tag of the device when it was released in 2007.
The original iPhone was put up for sale by RR Auction on behalf of a former Apple employee who purchased it back when it first came out.
The consignor notes that he purchased this phone upon its release but also received one through work as an Apple employee; this spare was therefore never opened.