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The Bulletin

Apple 1 computer reaches the auction house

Posting in Finance

You'd be forgiven to think this archaic computer is nothing more than the result of your other half tinkering with motherboards and computer components in the shed, but the product of Steve Jobs and Steve Wozniak's early efforts could reach half a million dollars.

As reported by the Associated Press, the Apple co-founders earliest attempts at creating a new breed of computer products and software goes to auction at Christie's Auction House next week.

If you want to own the Apple 1, a 1976 model, bidding starts at a meagre $300,000.

Originally on sale for $666, the Apple 1 came with eight kilobytes of memory, encapsulated within green plastic which protected a number of processing chips.

200 were made, but many were lost or discarded.

The seller is retired psychologist Ted Perry, who has kept the piece of technological history stashed away in his home in California after acquiring it as a second-hand item in a computer swap.

Last month, another Apple 1 was sold in Germany for $671,400.

"This is the seed from which the entire orchard grew, and without this, there would be no Apple," Stephen A. Edwards, professor of computer science at Columbia University told the news agency. "I've been shocked auction prices got into the six digits. The market has just gone crazy."

The auction will be conducted online at Christies from June 24 to July 9.

Read More: Associated Press

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— By on June 20, 2013, 10:02 PM PST

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and photographer based in London. In addition to SmartPlanet, she also writes for business technology website ZDNet and consumer technology site CNET. She holds a degree in medical anthropology from the University of Kent. Follow her on Twitter. Disclosure