AN OLD iPhone is expected to fetch an eyewatering $50,000 at a US auction.
The ancient Apple device had previously been gathering dust on a shelf for 16 years.
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The old phone has a two megapixel camera and 8GB of storage.
The first-generation iPhone was gifted to a Karen Green in 2007 when she got a new job.
But Green had recently got a new phone at the time.
So, instead, she put the device away for more than a decade.
The old phone is being auctioned off at LCG Auctions, which opens on Thursday and will end on 19 February.
Green, a cosmetic tattoo artist, contacted LCG Auctions when she heard of a first generation iPhone snagging a similar figure in October.
A first-generation iPhone sold for a whopping $39,339 late last year, which piqued Green’s interest.
LCG Auctions has now had an influx of old iPhone owners looking for a small fortune.
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“We got calls from everybody but 99% of them didn’t have the same thing,” LCG Auctions founder, Mark Montero, told Business Insider.
“But Karen had a really unique piece with a great story behind it.
“It was shocking because we had gotten so many duds.”
LCG Auctions put a price estimate of “$50,000 and up” on the phone.
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