A Chinese guy who paid 297,000 yuan (US$43,900) for a phone back in 2015 now regrets it—and went viral after posting about it on Douyin. The luxury smartphone in question is a Vertu Signature, covered in alligator leather and white diamonds, with a sapphire crystal screen, ruby keys, and a 24-hour personal concierge service included.

But the problem is that the phone only supports 2G and is now non-functional as a phone in mainland China. It’s basically become a very pricey paperweight. Like he said, if he’d put that 297,000 yuan into gold back then, it would be worth five times as much today (当年这29万7买成黄金，翻五倍). Others commented that 297,000 yuan might have been enough to buy a house back then.

The comment section is entertaining, with at least one person also posting an image of their own paperweight Vertu, and another commenter replying: “That’s nothing. My cousin lost a kidney over an iPhone 4S, and it even made the news.”

(Which could very well be true. One story from 2011, when the iPhone 4S launched, reported how a 17-year-old from Huaiyuan, Anhui, sold his right kidney through an illegal broker for 22,000 yuan ($3,200) and used the money to buy an iPhone and iPad.)

You might find it interesting to know that this phone is not even the most expensive Vertu. There’s also the Vertu Signature Cobra. Limited to 8 pieces worldwide, it’s a collaboration with jewellery house Frederic Boucheron and is adorned with 439 rubies and a 1.02-carat diamond. That one costs $504,000.

Video by 赫兢棘