The first edition unopened 4GB model was sold by LCG Auctions in the US, attracting 27 bids and selling at nearly 400 times its original price.

Originally selling in stores at $599 (£457), the lot was expected to fetch in the region of $50,000-$100,000.

Only a small amount of the 4BH iPhones were made at the time, leading the phone to be considered the “Holy Grail” by iPhone collectors, BBC News reports.