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An old Apple computer found in a garage sold for $500,000 this week after a tense bidding war.
The winning bid for the Apple-1 computer was received from a collector outside the United States during an auction held by John Moran Auctioneers and Appraisers in Monrovia on Tuesday, said Noelle Valentino, a manager for the auction house.
Bidding started at $225,000 and quickly ramped up by increments of $25,000 in a matter of seconds, reaching what’s called the hammer price of $400,000. A 25% service fee brought the price to $500,000, Valentino said.
There were six bidders trying to buy the rare piece of technology history, Valentino said. Neither the seller’s identity nor the buyer’s has been released.
The auction house placed a value range on the computer of between $400,000 and $600,000. “We thought there was a chance it could go for more,” Valentino said. “But it was squarely within the estimate.”
In some instances, these rare computers have sold for $1 million. In 2014, one sold for $905,000.
“It is one of the most collectable pieces of the 20th century,” said Corey Cohen, an Apple and technology historian based in New Jersey.
“It is the start, if you think about it, of the modern world,” Cohen said Wednesday, Nov. 10. “Our whole lives were touched by computers like Apple.”