Besides battery life, the most common complaint about iPhones is the price, but $92,824 is ridiculous – especially for a first-gen one from 2007. That’s how much an iPhone 1 fetched at auction in the US recently.

The device’s original owner received it as a gift the year iPhone was launched – two years before Angry Birds came on the scene – and didn’t even bother to unbox it, which was a genius move as it ended up selling for US$63,356.40, more than 105 times its original retail price.

In 2019 a value of US$5000 was placed on it. By 2022 that had risen to US$39,339.60.

The final bidding war started on February 2, at US$2500. By Feb 4 it had risen to US$10,000. From there it kept rising until the final private bidder landed the 8GB antique, which originally retailed for US$599.

The main camera equipment on the rear was made up of a sole 2MP sensor and the resolution on the 3.5″ LCD display was 340 x 480. These days, the main camera on the iPhone 14 Pro is 48MP, and the 6.7″ display has a 1290 x 2796 resolution.