An Apple-1 computer featuring a rare Koa wood case is expected to be sold for roughly $500,000. John Moran Auctioneers, Inc.
An Apple-1 computer featuring a rare Koa wood case is expected to be sold for roughly $500,000. John Moran Auctioneers, Inc.
An Apple-1 computer featuring a rare Koa wood case is expected to be sold for roughly $500,000. John Moran Auctioneers, Inc.
An Apple-1 computer featuring a rare Koa wood case is expected to be sold for roughly $500,000. John Moran Auctioneers, Inc.

Apple-1 computer built by Jobs and Wozniak auctioned off


Kyle Fitzgerald
  • English
  • Arabic

An original Apple computer hand-built by company founders Steve Wozniak and Steve Jobs went up for auction in the US on Tuesday.

The Apple-1 unit, built in 1976, sold for $500,000.

The computer is one of the few remaining examples of Apple's first-ever computer and is considered the great-great-grandfather of today's sleek MacBooks, John Moran Auctioneers said.

“This is kind of the holy grail for vintage electronics and computer tech collectors,” Apple-1 expert Corey Cohen told The Los Angeles Times.

An etching of Apple co-founder Steve Wozniack is displayed following a command from the vintage Apple-1 computer. Photo: John Moran Auctioneers
An etching of Apple co-founder Steve Wozniack is displayed following a command from the vintage Apple-1 computer. Photo: John Moran Auctioneers

The so-called Chaffey College Apple-1 is one of only 200 made by Jobs and Mr Wozniak at the very start of the company's odyssey from garage start-up to a company now worth $2 trillion.

This unit has only ever had two owners, per the auctioneers. An electronics professor at Chaffey College originally purchased it before selling it to a student in 1977.

The unnamed former student paid $650 at the time and has held o nto the vintage device for four decades, the LA Times reported.

A command from the Apple-1 computer shows an illustration on the device's screen. Photo: John Moran Auctioneers
A command from the Apple-1 computer shows an illustration on the device's screen. Photo: John Moran Auctioneers

This would not be the first Apple-1 to be sold at a jaw-dropping price. An auction house in New York sold an Apple-1 device for more than $900,000 in 2014.

What makes this vintage device so valuable is its rare Koa wood encasing and is only one of six in the world to feature it.

An Apple-1 computer featuring a rare Koa wood case is only one of a handful that still function today. Screengrab / John Moran Auctioneers, Inc.
An Apple-1 computer featuring a rare Koa wood case is only one of a handful that still function today. Screengrab / John Moran Auctioneers, Inc.

Koa wood was abundant in the 1970s but, because of cattle grazing and extensive logging, is much rarer and expensive today.

The computer "has recently undergone an extensive authentication, restoration and evaluation process by one of the foremost experts in the field, who inspected all components and generated a full condition report", the listing said.

The unit also comes with a copy of the Apple-1 basic manual, an original programming manual, two Apple-1 software cassette tapes as well as three original video, power and cassette interface cables.

Sixty of the Apple-1 computers are known to still exist, with only about 20 capable of functioning, Mr Cohen said.

Agencies contributed to this report

  • Jimmy Grewal sits in front of the incredibly rare Apple I, the first personal computer sold by Apple in 1976. Cody Combs / The National
    Jimmy Grewal sits in front of the incredibly rare Apple I, the first personal computer sold by Apple in 1976. Cody Combs / The National
  • Apple's first attempt at a laptop, the Macintosh Portable, from 1989. It weighed 7 kilograms, but its battery lasted from 6 to 12 hours. Cody Combs / The National
    Apple's first attempt at a laptop, the Macintosh Portable, from 1989. It weighed 7 kilograms, but its battery lasted from 6 to 12 hours. Cody Combs / The National
  • Left to right: Apple I, Apple II, Apple Lisa, Macintosh 512k. Cody Combs / The National
    Left to right: Apple I, Apple II, Apple Lisa, Macintosh 512k. Cody Combs / The National
  • A closeup of one of the first Macintosh models. Cody Combs / The National
    A closeup of one of the first Macintosh models. Cody Combs / The National
  • This Apple II (serial #92) has no vents on the casing, making it very rare, unlike the Apple II on the left. Grewal says only approximately a dozen of these ventless Apple IIs remain in existence. Cody Combs / The National
    This Apple II (serial #92) has no vents on the casing, making it very rare, unlike the Apple II on the left. Grewal says only approximately a dozen of these ventless Apple IIs remain in existence. Cody Combs / The National
  • This Apple II was purchased by the American School of Dubai in 1978. Cody Combs / The National
    This Apple II was purchased by the American School of Dubai in 1978. Cody Combs / The National
  • This sticker, complete with typo, shows just how old this Apple II is. Cody Combs / The National
    This sticker, complete with typo, shows just how old this Apple II is. Cody Combs / The National
  • The original 128k Macintosh sits on the top left of this portion of Grewal's Apple Collection. Also pictured just below is the 20th Anniversary Macintosh. Cody Combs / The National
    The original 128k Macintosh sits on the top left of this portion of Grewal's Apple Collection. Also pictured just below is the 20th Anniversary Macintosh. Cody Combs / The National
  • Grewal's collection is still growing, prompting him to move computers to different locatins to make room. Cody Combs / The National
    Grewal's collection is still growing, prompting him to move computers to different locatins to make room. Cody Combs / The National
  • Some of Apple's first attempts at "tower" Macintosh computers, like the Macintohs Quadra, are also in Grewal's collection. Cody Combs / The National
    Some of Apple's first attempts at "tower" Macintosh computers, like the Macintohs Quadra, are also in Grewal's collection. Cody Combs / The National
  • No detail was too small for Grewal in presenting his the Apple products. These cabinets were colour matched to correspond with the original rainbow Apple logo. Cody Combs / The National
    No detail was too small for Grewal in presenting his the Apple products. These cabinets were colour matched to correspond with the original rainbow Apple logo. Cody Combs / The National
  • Grewal's collection of Apple laptops, ranging from the Apple Duo to the Apple PowerBooks continues to grow. Cody Combs / The National
    Grewal's collection of Apple laptops, ranging from the Apple Duo to the Apple PowerBooks continues to grow. Cody Combs / The National
  • This unusually large Apple product is a rare Apple Network Server. These ran a Unix-based operating system. Cody Combs / The National
    This unusually large Apple product is a rare Apple Network Server. These ran a Unix-based operating system. Cody Combs / The National
  • The first Apple LaserWriter, manufactured in 1985, is one of several Apple printers in Grewal's collection. Cody Combs / The National
    The first Apple LaserWriter, manufactured in 1985, is one of several Apple printers in Grewal's collection. Cody Combs / The National
  • This Apple Scribe printer utilized special thermal paper. The quality was poor and the printing was slow, but the thermal paper was an innovative idea at the time. Cody Combs / The National
    This Apple Scribe printer utilized special thermal paper. The quality was poor and the printing was slow, but the thermal paper was an innovative idea at the time. Cody Combs / The National
  • Also in Grewal's collection is an Apple Interactive Television Box from 1994. It was never released. Cody Combs / The National
    Also in Grewal's collection is an Apple Interactive Television Box from 1994. It was never released. Cody Combs / The National
  • It's not technically an Apple product, but this NeXT Cube was the computer created by Steve Jobs' company, "Next", after he was fired from Apple in 1985. It's shaped almost perfectly like a cube, was very powerful, but sold poorly. Cody Combs / The National
    It's not technically an Apple product, but this NeXT Cube was the computer created by Steve Jobs' company, "Next", after he was fired from Apple in 1985. It's shaped almost perfectly like a cube, was very powerful, but sold poorly. Cody Combs / The National
  • In Grewal's other office, Apple product cases are used to prop up a coffee table, and various Apple artefacts and photos are displayed on the wall. Cody Combs / The National
    In Grewal's other office, Apple product cases are used to prop up a coffee table, and various Apple artefacts and photos are displayed on the wall. Cody Combs / The National
  • This is a rarely used early rendition of the Apple logo. It's signed by Apple co-founder Steve Wozniak, and the often forgotten co-founder Ron Wayne. Cody Combs / The National
    This is a rarely used early rendition of the Apple logo. It's signed by Apple co-founder Steve Wozniak, and the often forgotten co-founder Ron Wayne. Cody Combs / The National
  • Inside this original Macintosh 128k, you can see the molded signatures from the original Macintosh team, including the signature of Steve Jobs. Cody Combs / The National
    Inside this original Macintosh 128k, you can see the molded signatures from the original Macintosh team, including the signature of Steve Jobs. Cody Combs / The National
  • An Apple Dot Matrix Printer, first introduced in 1982. Cody Combs / The National
    An Apple Dot Matrix Printer, first introduced in 1982. Cody Combs / The National
  • This rare Apple I was the first product shipped by Apple in 1976. This particular Apple I in Grewal's Dubai collection still works. Cody Combs / The National
    This rare Apple I was the first product shipped by Apple in 1976. This particular Apple I in Grewal's Dubai collection still works. Cody Combs / The National
  • This is an original Apple Lisa in Grewal's Dubai collection. It was the first Apple computer to have a graphical user interface. Grewal says approximately 20 of the original Lisa computers remain in the world. Cody Combs / The National
    This is an original Apple Lisa in Grewal's Dubai collection. It was the first Apple computer to have a graphical user interface. Grewal says approximately 20 of the original Lisa computers remain in the world. Cody Combs / The National
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
While you're here
MATCH INFO

Uefa Champions League semi-final, second leg
Real Madrid (2) v Bayern Munich (1)

Where: Santiago Bernabeu, Madrid
When: 10.45pm, Tuesday
Watch Live: beIN Sports HD

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

If you go...

Flying
There is no simple way to get to Punta Arenas from the UAE, with flights from Dubai and Abu Dhabi requiring at least two connections to reach this part of Patagonia. Flights start from about Dh6,250.

Touring
Chile Nativo offers the amended Los Dientes trek with expert guides and porters who are met in Puerto Williams on Isla Navarino. The trip starts and ends in Punta Arenas and lasts for six days in total. Prices start from Dh8,795.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Women’s World T20, Asia Qualifier, in Bangkok

UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final

(The winners will progress to the Global Qualifier)

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets

Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Updated: November 10, 2021, 7:19 PM