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Apple 1 Computer Sells For $210,700
digitaldc writes "An Apple computer purchased more than 30 years ago has sold for 425 times its original selling price. From the article: 'An Apple-1, one of only about 200 such machines built in Apple co-founder Steve Jobs' parents' garage, sold at Christie's auction house in London today for 133,250 pounds (about $210,700). The Apple-1, which didn't include a casing, power supply, keyboard, or monitor, originally retailed for $666.66 in 1976. Apple discontinued the model in 1977.'"
Just yesterday my father and i were talking about some old computers that the university i work at have on display, and he was telling me about how, about 30 years ago, he had an apple 1, and it was numbered 151. He remembers that they were offering to trade this computer for a new updated version, boy did he get a deal! then again, if they kept all their old baseball cards they'd be rich off of those too
Every Apple computer sells for more than it's worth.
Going from $666 to $210,100 in 36 years is an 18% return - not bad, but not as crazy huge as it might look on first glance.
When you have nothing left to burn you must set yourself on fire
But it also was the right time to sell because the Apple brand is riding high at the moment so interest overall is higher.
Collectibles/Antiques are like any other market, and interest fluctuates. I have seen things that used to fetch $100k go for as little as $3k now (for instance, the European Glass market really sunk once communism collapsed and the east opened up). This is not unusual.
Some people think the older something gets, the more it's worth but that's not always the case. Often there's a peak and then decline.
$666.66 -- could Steve Jobs make it any clearer that he is the devil? ;-)
Something like: "Apple Computer sells for £133,250." Am I the only one who saw this and thought, "That can't be right! Their market capitalization is, like, £70bn or something. And why would shareholders be getting out now?"
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Stop your whining this INSTANT, young man! Google stepped up and offered $100,000, which is like $12 pounds 50 shillings I think, to help secure the artifacts for the Bletchley Park Museum. And that is NOT fucked up, unless you're talking about the sale in the first place, which is indeed a bit fucked in the head, but then perhaps the collector needs the bucks and the Turning notes are of value.
More to the point; I have the build an Apple I book and will gladly build anyone an Apple I for $50,000! Order now and save BIG!!1!
This is the NSA, we're gonna geet U h@x0r5! Also, what is a h@x0r5?
If a VC had invested $666 in Apple in 1976, how many Apple I's would that be worth today?
About $76,000, for an IRR of 17.1%. APPL shares were worth $2.75 (split adjusted) at their 1980 IPO, and are going for $315 or so today.
In contrast, the Apple I has gone from $666 to $210,000 over 36 years, which is an IRR of 18.4%.
When you have nothing left to burn you must set yourself on fire
Please don't try to do math that you don't understand.
Well let's see. If you're a typical Slashdot denizen it's never been used and 3.5 inch floppy is standard.
You should clear just enough to buy some razor blades to slit your wrists.
"The Apple-1, which didn't include a casing, power supply, keyboard, or monitor..."
Also, it didn't run Flash.
Dear Slashdot: next time you want to mess with the site, add a rich-text editor for comments.