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-   -   Vintage Apple I fetches $671,400 at auction (http://forums.macnn.com/113/tech-news/500953/vintage-apple-i-fetches-671-400-a/)

 
NewsPoster May 26, 2013 06:03 PM
Vintage Apple I fetches $671,400 at auction
At a recent auction in Germany, a functioning Apple I computer fetched a record $671,400. The Apple I, made in 1976, is one of the very few known-working models (thought to be around six units) and fetched a healthy increase over the previous record for an Apple I. The buyer, a wealthy entrepreneur from the Far East, <a href="http://macnn.com/rd/286381==http://bits.blogs.nytimes.com/2013/05/25/vintage-apple-1-sells-for-record-671400/" rel='nofollow'>according to</a> <em>The New York Times</em>, has remained anonymous despite the size of the bid. <br />
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Prior to Saturday's auction, the record price paid for a functioning Apple I was $640,000 paid at the same auction house. Prior to that, a buyer paid $374,500 at a Sotheby's auction in New York. <br />
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The unit sold on Saturday was originally owned by Fred Hatfield, a retired electrical engineer. Hatfield had held onto his Apple I until earlier this year, only selling the then-non-functioning device for a price of $40,000. <br />
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The initial buyer then acquired components to get the Apple I back into working condition. Once the device was working again, the buyer took it to California in order to get it signed by Apple co-founder Steve Wozniak, which further enhanced the value. <br />
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Apple memorabilia regularly shows up for sale in different venues, both <a href="http://macnn.com/rd/286379==http://www.macnn.com/articles/10/12/17/bare.bones.system.hits.ebay/" rel='nofollow'>online</a> and at <a href="http://macnn.com/rd/286380==http://www.macnn.com/articles/11/11/28/value.estimated.up.to.150000/" rel='nofollow'>established auction houses</a>. A contract essential to the founding of Apple, complete with signatures from the three original principals, went on the auction block at Sotheby's in 2011, with its price initially estimated between $100,000 and $150,000. It ended up selling for $1.6 million.
 
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