27 May
2013
27 May
'13
12:54 a.m.
On 27/05/2013 07:59, Tothwolf wrote:
On Sun, 26 May 2013, Brent Hilpert wrote:
Reminds me of the north/south
divide in the UK. In the south folks read
the papers and see a house across the street is for sale for mega bucks.
They say well ours is much nicer so it must be worth double mega bucks.
In the North they say what idiot would pay that amount for a house like
that.....
Dave
G4UGM
What I haven't seen addressed in this
discussion is just what was the
known market value(s) of an Apple I at the time of the 40K$
transaction? News articles seem to present contradictory info, that
the 40K$ purchase from Hatfield was a few months ago, to it being a
couple of years ago.
While a collaborative approach to the sale - splitting proceeds -
might have been more profitable to him, Hatfield sounds like he has
his wits about him, he could have checked, or known, 'what it was
worth'. Without more info it seems difficult to suggest he was 'taken
advantage of'.
http://bits.blogs.nytimes.com/2013/05/25/vintage-apple-1-sells-for-record-6…
"That surpassed the $640,000 record for an Apple-1, set last November
at a sale at the same auction house in Cologne, Germany, Auction Team
Breker. The fall 2012 sale was a sharp rise from the previous record
price for an Apple-1 of $374,500, set in June 2012 at Sotheby?s in New
York."
"Told the of sale price, Mr. Hatfield said, ?My God.? Then, he added,
?Best to him. He?s the one who fixed it up and figured the best way to
sell it for all that money. Evidently, he?s very good at this.?"
The middleman certainly knew it had a very, very high likelihood of
reselling at auction for at least $374,500, even if it didn't go as
high as the last one that had sold for $640,000. Mr. Hatfield was
probably thinking about what he had spent on it back when it was new
and in working condition ($666.66) when that middleman popped up
offering to buy it for $40,000, and was likely unaware of what those
other two Apple I boards had sold for last year.