Rare Apple I computer fails to sell at auction

It had been expected to equal the record, but a rare Apple I computer has failed to sell at an auction this week as bidders refused to meet its reserve price.

The Apple I, as the name suggests, was the first Apple computer and each one was handbuilt by company co-founder Steve Wozniak and sold by Steve Jobs. Launched in July 1976, it came without a casing, power cable or monitor and cost $666.66. Records show that 200 were sold and it is estimated that 50 still exist today.

When the lot came up for auction at Christie's in London, it had been expected to fetch between $80,000 and $120,000 based on prices for similar computers at recent auctions. For example, in June 2012 an Apple I sold for $374,500 at Sotheby's and in November 2010 one went under the hammer at Christie's for $212,267. There is also a strong market for them on eBay with models often changing hands for more than $20,000.

Christie's believed that the chance to own such a seminal piece of technological history -- the Apple I was the first personal computer -- would drive the bidding, but the fact that it had such a high reserve price of $80,000 is likely to have dampened enthusiasm. The highest bid was £32,000 ($50,000).

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Philippine volcano ejects ash, but no violent eruption

    MANILA, Philippines (AP) — A Philippine volcano has spewed ash for the second time in less than a week but there were no signs of any imminent violent eruption, the country's chief volcano expert said Thursday. …

  • Pope Francis to visit Chile in 2016
    Pope Francis to visit Chile in 2016

    Pope Francis will visit Chile in 2016, the South American country confirmed, after a meeting in Rome between its foreign minister and his Vatican counterpart. The confirmation follows comments by the pope during a January visit to the Philippines, where he said he planned to travel to Chile, Argentina and Uruguay in 2016. Chilean Foreign Minister Heraldo Munoz and Vatican Secretary of State Pietro Parolin "spoke about a trip that His Holiness will make to Chile next year," the foreign …

  • Senators fail to grill DND, AFP officials on chopper deal officials on
    Senators fail to grill DND, AFP officials on chopper deal officials on

    Senators yesterday failed to grill defense and military officials over the P1.21-billion deal for the purchase of 21 Huey helicopters for the Armed Forces of the Philippines with the joint venture of Rice Aircraft Service Inc. and Eagle Copters Ltd. Francis Escudero and Joseph Victor Ejercito were interested to know why the defense department entered into a deal to buy secondhand helicopters when it is supposed to be modernizing the Armed Forces. “I am looking at the Armed Forces of the …

  • Revilla wants to undergo therapy for aching heels
    Revilla wants to undergo therapy for aching heels

    Detained Sen. Ramon Revilla Jr. has asked the Sandiganbayan to allow him to undergo therapy sessions for two weeks to treat his aching heels and back pains. In a motion filed before the anti-graft court’s First Division on Monday, Revilla’s lawyers said the senator should undergo further medical examination and treatment of his back and feet, including physical therapy at least three times a week or six sessions for two weeks, at the Philippine National Police (PNP) General Hospital at Camp …

  • Noul may intensify into typhoon – Pagasa
    Noul may intensify into typhoon – Pagasa

    Tropical Storm Noul was forecast to intensify into a typhoon before it enters the Philippine area of responsibility today, but state weather forecasters said it was unlikely to hit landmass. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Noul, which will be locally named Dodong, is expected to skirt the country’s eastern coast, bringing light to moderate with occasional heavy rains over areas in Central and Northern Luzon this weekend. Rene …

  • US fans sue Manny for hiding injury
    US fans sue Manny for hiding injury

    Two Nevada men filed a class-action lawsuit against Manny Pacquiao on Tuesday, seeking millions in damages because they say he fraudulently concealed a shoulder injury before his defeat to Floyd Mayweather Jr. It is just the latest fallout from Mayweather’s victory in Las Vegas on Saturday in a unanimous decision, with Pacquiao saying afterwards that the shoulder complaint hampered his performance in the welterweight world title showdown. The plaintiffs argue that by failing to go public with …

  • Phl expects China to attend APEC summit in November
    Phl expects China to attend APEC summit in November

    The Philippines expects all 21 leaders of Asia-Pacific Economic Cooperation member-economies, including China, to attend the summit here in November. “This is a multilateral meeting, not a bilateral meeting so there is a big difference between the two... when they come here anyway, APEC does not talk of politics, it’s all economic,” Paynor said. Yesterday at the Kalayaan grounds of Malacañang, the Asian Carmakers Corp. (ACC) held a ceremonial turnover of a fleet of BMW vehicles to be used for …

  • Noy to promote Phl in Canada
    Noy to promote Phl in Canada

    President Aquino left for the United States and Canada yesterday, bearing news of his administration’s accomplishments and hoping to attract more investments and tourists. Aquino noted the US and Canada are home to hundreds of thousands of Filipinos and have been reliable partners of the Philippines for a very long time. The two countries, he said, are participants in the Asia-Pacific Economic Cooperation summit in November to be hosted by the Philippines. The President is expected to arrive …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options