Sunday, May 26, 2013

Apple 1 Computer Sells for Record $671,400 at Auction

A working Apple 1 computer built in 1976 sold for a record $671,400 at an auction in Germany on Saturday, reports the New York Times. That beats the price of a previous Apple 1 computer that sold for $640,000 at the same auction house last year.

apple-1


The high prices paid for the machines seem to be explained by the combination of scarcity, a fascination with the early history of the computer age, and the mystique of Apple and its founders, Steven P. Jobs and Stephen G. Wozniak. And some irrational exuberance in the prices, for a machine that can do very little and originally sold for $666 (about $2,700 in current dollars).

“This really confirms the value of Apple-1’s,” said Uwe Breker, the German auctioneer. The buyer was a wealthy entrepreneur from the Far East and wished to remain anonymous. The seller also remains anonymous.


More at iHash.eu

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