A unopened first generation iPhone has sold for more than $39k
businessinsider.com
businessinsider.com
They can't even connect to today's networks.
As for the price, plenty of tech folk get paid more than they know what to do with, and some bitcoin bros made stupid money on their bet. Whoever bought the phone could have bought a watch or boat or helped a village in a third-world country, but decided they wanted a collectable iPhone. Personally, I think they should have helped the village, but I guess they have other priorities.