A first-generation, unopened iPhone from 2007 could sell for $30,000

• When a new iPhone comes out, Apple fans will pay hundreds of dollars for the latest model.
• A first-generation iPhone from 2007 still in its original box is currently up for auction and could fetch more than $30,000.
• An unused 8GB iPhone originally cost $599 when it first hit the market.

Apple’s latest phone, iPhone 14retails for $799 – but one of its first models costs much more than that.

A First generation iPhone from 2007 is currently on the auction block, and the auction house it’s on estimates it could fetch $30,000 or more.

Unused 8GB iPhone still unopened in original box. It cost $599 when it was first released, meaning it would sell for 50 times its original price if it sold for a $30,000 estimate.

The first iPhone it comes with a 3.5-inch screen, a 2-megapixel camera, and a web browser. When the late Apple co-founder and CEO Steve Jobs first introduced it 15 years ago, he called it a combination of “iPod, telephone and Internet communicator” all in one.

“This factory sealed first edition copy is in exceptional condition,” item description from LCG auction says. “Collectors and investors would be hard-pressed to find a prime example. Relevance and rarity make for a winning formula for this hot collectible.”

So far, there have been 16 offers for the phone, starting at $2,500. The highest bid at the time of writing is $10,446. Auction ends Sunday afternoon.