A first-generation iPhone was auctioned off for a record-breaking price of $63,356 (approx Rs 52,00,000). This was the highest sale ever recorded for the first generation iPhone that released in 2007.

First generation iPhone fetches record-breaking amount at auction. Here's how much it sold for

With the launch of every new model of the Apple iPhone, the price of the device also keeps going up. But despite rising prices, its popularity refuses to ebb. The craze is so high that an unopened first generation iPhone is set to rake in more than $50,000 at an auction, a whopping 80 times its original price.

First generation iPhone likely to be auctioned off for a whopping $50,000

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First generation iPhone fetches record-breaking amount at auction. Here's how much it sold for

First generation iPhone likely to be auctioned off for a whopping $50,000