'Steve Jobs hype is over': Rare Apple 1 fetches only $130,000 at auction

A German engineer has nabbed a scarce working Apple 1 for an absolute steal.


The Apple 1 computer dates back to the 1970s.

Image: Auction Team Breker

A functioning Apple 1 has sold at auction in Germany for €110,000 ($130,000), or less than half the top bid it was expected to receive.

The 40-year-old Apple 1 computer had been pitched to sell for between €180,000 and €300 000 ($146,000-$337,000), in line with selling prices for other rare models auctioned since the death of Apple co-founder Steve Jobs in 2011.

The fully functional model was sold this weekend by Auction Team Breker in Cologne, Germany. Team Breker published a video in March showing the Apple 1 in action.

Video: The Apple 1 was sold by German auction house Breker, which had sold another example in 2013 for €516,000 ($580,000).

Source: Auction Team Breker

It's one of just eight working models left in the world and had been in the possession of Californian software engineer John J Dryden since he bought it in 1976.

The German engineer who now owns it got it for a fraction of the price other Apple 1 models have sold in the past five years. One sold for $905,000 at a Bonhams auction in New York in 2014, while a prototype Apple 1 sold for $815,000 last year.

Team Breker auctioneer Uwe Breker said the lower than expected price suggested the hype over Apple memorabilia since Jobs' death was now over. Breker sold one at a 2013 auction for €516,000 ($580,000).

"From our point of view we're back at normal levels. Five years after the death of [Apple co-founder] Steve Jobs, the hype has settled back," Breker told AFP.

Read more about vintage computers


You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All