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Rare Apple 1 fetches record price

A rare working Apple 1 computer – the company's first product – has been sold at a New York auction for US$374,500 ($473,048), more than double Sotheby's estimate of $120,000-180,000 and setting a record for the device.

Working Apple 1 sells for record priceIt's one of less than 50 Apple 1s believed to remain in existence today. Steve Wozniak originally designed and hand-built 200 of the Apple 1, which went on sale in 1976 for US$666.66, (Wozniak apparently liked repeating digits).

Two bidders went head-to-head for the Apple 1 machine, with an anonymous phone bidder eventually winning the auction.

A memo written by Steve Jobs when he worked at Atari also sold for US$27,500 ($34,736) at the same event, nearly double the estimated sale price.