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Check your drawers for this discontinued iPhone - it could be worth $US100,000

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A discontinued iPhone is up for auction, estimated to reach up to $US100,000 or $A150,000 when bids close next week.

Apple’s first generation 4GB model changed the face of the tech industry when it was released in 2007, complete with a two-megapixel camera and “revolutionary” web browser.

WATCH THE VIDEO ABOVE: First generation iPhone debuts in 2007 sparking multi-day campouts.

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It retailed for $US499 but, for an extra $US100, an 8GB model was also available at the time.

With most consumers opting for extra storage, sales lagged for the 4GB model which was discontinued just over two months after its release.

“The original 4GB model is considered a ‘Holy Grail’ among iPhone collectors,” according to LCG Auctions, where the highest bid is currently sitting at $US23,581.

“Its extreme scarcity is directly related to its limited production.”

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