A rare first-generation unopened iPhone 4GB model was sold for US $190,372.80 at an auction recently.

According to reports, the 2007 first edition device, regarded as the “Holy Grail” among tech collectors, sold for almost 400 times its original price after ironically being a flop after its release 15 years prior.

LCG Auctions described it as “a popular high-end” and “red-hot collectable”, adding that two other factory-sealed, first-edition iPhones had sold at record values in the last year.

The model is described as an “exceedingly rare, factory sealed, first-release 4GB model in exceptional condition. Virtually flawless along the surface and edges, the factory seal is clean with correct seam details and tightness”.

Originally retailing at $599 the final auction price exceeded LCC’s projected range of $50,000-$100,000.

Two months after its release in 2007, the model was discontinued due to poor sales as consumers opted for the 8GB version for the additional $100 price.

In addition to its 4GB of storage, the specs for the first edition offered a 12-megapixel camera and 128MB of RAM, compared its the current iPhone 14 Pro which ranges up to 1TB of storage, a 48MP front camera, and 6GB of RAM.