A first generation iPhone going up for auction hopes to fetch $50,000 | CNN Business

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A first generation iPhone going up for auction hopes to fetch $50,000 | CNN Business
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Time to dig through your old tech pile.

An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It had no app store, ran on a 2G network and was exclusive to AT&T’s network.

LCG Auctions is also listing Green’s phone, with bidding opening at $2,500. Green and LCG Auctions did not immediately respond to CNN’s request for comment. The iPhone changed the way billions of people around the world communicate, make payments, do their jobs, take photos and even how they wake up in the morning. It killed dozens of industries and gave life to many more.

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