A rare 1976 Apple I computer in working condition was auctioned by Sotheby for a whopping $374,500, more than 500 times its original cost. Among the many computers, this was one amongst the few in working condition and was expected to fetch a price of around $150,000.
Two bidders competed for the final bid and finally an anonymous bidder on telephone surprised all by making a $374,500 bid that included commission. Built by Apple founders Steve Jobs and Steve Wozniak, the AAPL.O (Apple) computer is equipped with original cassette interface, and has a computer language user manual and an operating manual.
This was the first computer that allowed users to operate basic programs with a keyboard. Founders of Apple created the machine in 1976 and presented it at Palo Alto Computer club. Byte Shop retail chain owner Paul Terrell placed an order for 50 machines which were sold at a retail price of $666.66.
Although initially Jobs and Wozniak were offering circuit boards as kits separately for assembly, they agreed to assemble circuit boards on Paul Terrell’s insistence.