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Entries in Christie's (3)

Wednesday
Nov142012

Paintings and Rare Diamond Sell at Auction for Millions

FABRICE COFFRINI/AFP/Getty Images(NEW YORK) -- You may still be counting pennies while the economy slowly recovers, but some folks are confident enough to spend millions on fine art and diamonds.  

A painting by abstract artist Mark Rothko was sold at auction Tuesday at Sotheby’s in New York City for $75.1 million dollars.

Rothko’s "No. 1 (Royal Red and Blue)" from 1954 was sold to a telephone bidder for $67 million -- $75.1 million with Sotheby’s fees.  Earlier in the evening at the same auction, a Jackson Pollock painting sold for more than $40 million.

Meanwhile, across the pond in Europe, a 76-carat colorless diamond was sold at Christie’s in Geneva Tuesday for more than $21.5 million, including commission.  

The price paid for the Archduke Joseph Diamond was more than triple the price paid for it at auction almost two decades ago.  Christie’s says the sale set a record price per carat for a colorless diamond.

The diamond came from a mine in India and was named after Archduke Joseph August of Austria.  The buyer wished to remain anonymous.

Copyright 2012 ABC News Radio

Tuesday
Oct092012

Original Apple Computer Doesn't Find Buyer at Auction

SeongJoon Cho/Bloomberg via Getty Images(LONDON) -- Apple surely doesn’t have a problem selling products these days, but apparently $80,000 was a bit too much for one of the company’s first computers.

Christie’s in London auctioned off one of the original Apple 1 computers Tuesday afternoon. Bidding began at $80,000 (50,000 British pounds), but the computer didn’t find a buyer at the auction, Christie’s confirmed to ABC News. The top bid was for 32,000 pounds (around $51,155).

“The future of the computer is in the hands of the consignor,” a Christie’s spokesperson told ABC News.

The computer was being auctioned off from the estate of Joe Copson, a former Apple employee, and according to the Christie’s overview and lot notes, this particular Apple 1 motherboard is numbered 01-0022 — indicating that it was the 22nd model ever made. Printed on the circuit board is Apple Computer 1, Palo Alto, CA 1976.

Computer history buffs know that the Apple 1 was the first computer ever made by Apple and was hand-built by Apple co-founder Steve Wozniak in Steve Jobs’ garage. It was priced at $666.66.

By 1977, the year it was discontinued, the price of the computer had dropped to $475. It’s surely worth a lot more than that today, but apparently not quite 120 times its original price.

Copyright 2012 ABC News Radio

Tuesday
Oct092012

First Apple Computer, Apple 1, Could Sell for $130,000

Tom Munnecke/Getty Images(LONDON) -- Apple manufactures some of the world's most coveted computers and gadgets, and now, you can own one of the originals for a hefty chunk of change.

On Tuesday, Christie's auction house in London is selling an Apple 1 computer -- the first built by Steve Jobs and Steve Wozniak. This rare personal computer comes from the estate of Joe Copson, a former Apple employee.

Introduced in July 1976, the Apple 1 was sold without a casing, power supply, keyboard or monitor. With only 200 put on the market, only six are believed to be functional today, according to The Wall Street Journal.

The newspaper reports a working Apple 1 was sold by Sotheby's in June for almost $375,000.  The computer up for sale at Christie's is not in working condition, but is estimated to fetch between approximately $80,000 to $130,000.

Copyright 2012 ABC News Radio







ABC News Radio