Wednesday 29 October 2014

Apple-1 Fetches $905,000 at New York Auction

As Apple Inc is going stronger, one of the few remaining examples of Apple Inc's first pre-assembled computer, Apple-1, sold for $905,000 at an auction in New York on Wednesday, far outstripping expectations.

The motherboard is believed to be one of approximately 50 Apple 1 computers that were originally constructed by Apple co-founder Steve Wozniak in Steve Jobs' garage for sale in The Byte Shop. The motherboard is numbered "01-0070."

Auction house Bonhams had said it expected to sell the machine, which was working as of September, for between $300,000 and $500,000.

The buyer was The Henry Ford organization, which plans to display the computer in its museum in Dearborn, Michigan.

There were few buyers for the first Apples until Paul Terrell, owner of electronics retailer Byte Shop, placed an order for 50 and sold them for $666.66 each.
After that initial success, Jobs and Wozniak produced another 150 and sold them to friends and other vendors. Previously, a working Apple-I was sold by Sotheby's auction house in 2012 for $374,500.Fewer than 50 original Apple-1s are believed to survive.

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