A torch from the 1988 Calgary Winter Olympics has fetched more than $46,000 US at a Boston-based auction house.

"What makes a torch from Calgary so collectable and so valuable is they only made about 150 of them," said Robert Livingston, executive vice president of RR Auction.

1988 Winter Olympic torch

But fewer than that are still kicking around, said WinSport spokesperson Dale Oviatt.

"They get scratched or broken or tossed out," he said. "You know, a lot of the other Olympic Games, they made thousands upon thousands of these."

Another reason this Olympic relic is so valuable is because it's never been lit.

It also still has all of its original wicks.

1988 Calgary Winter Olympic torch

Livingston said a weak Canadian dollar meant most of the bidders were from other parts of the world.

At today's currency exchange, a Canuck bidder would have paid $65,000 Cdn to win the torch.

handle 1988 Olympic torch

In the end, an American man took home the '88 torch.

It was the second-highest bid as part of week-long auction specializing in Olympic icons.

1988 Winter Olympic torch