Apple-1 Auctioned at $671,400 in Germany

Apple-1 Auctioned at $671,400 in Germany

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The first Apple release, Apple-1 – manufactured in 1976 has fetched $671,400 at an auction in Germany. The buyer wished to remain anonymous and is from Japan and a serial entrepreneur by profession.

The original Apple-1, designed by the legendary team Steve Jobs and Steve Wozniak was sold at $666. Only 6 pieces were manufactured, which is one of the reasons for the exorbitant price the vintage computer fetched.

In June 2012, another Apple-1 was auctioned at Sotheby’s, New York for $374,500 and in November 2012, yet another Apple-1 went under the hammer for $640,000 in Germany (incidentally the same auction house as this one).

The price that these machines are commanding are mainly due to the legend of the brand and the scarcity.

The original owner of the auctioned Apple was 84 year old James Hatfield, a retired electrical engineer from New Orleans. Earlier this year, the non-working machine was sold to a software businessmen from Texas for $40,000. The buyer replaced the burnt chips and wiring, and made it run. Later he flew to California to have it signed by Steve Wozniak, which would have made the machine a better bet than the predecessors that went under the hammer.

About the author

Abhinav Kaiser is an author and a management consultant. He has authored Become ITIL Foundation Certified in 7 Days and Workshop in a Box: Communication for IT Professionals. He works as a consulting manager for a top consulting firm. He advises businesses, organizations and enterprises in the areas of DevOps, IT service management and agile project management frameworks. Social Media : Facebook | LinkedIn | Twitter | Google Plus

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