

The item was expected to fetch between $20,000 and $40,000.

A first-generation iPhone recently sold for more than $63,000. (LCG Auctions)
A photo on the auction website shows the phone inside an unopened black box. The phone features a 2-megapixle camera and an "innovative" touchscreen. The model that sold at auction came with 8 MB of storage.
Cosmetic tattoo artist Karen Green was gifted the iPhone more than a decade ago, but she couldn’t use it because she had Verizon, and it only worked on AT&T’s network at the time, Business Insider reported.
At the time of its 2007 release, the iPhone sold for $499 and $599. LCG Auctions specializes in high-end toys & related collectibles of the 1970s, 80s, and 90s.
In October, another first-generation iPhone sold for more than $39,000 at auction. That device was expected to fetch at least $30,000.