The one that got away
In our “The one that got away” series, we look back at sales, usually auctions, of Apple collectibles I lost or decided not to pursue, usually due to the anticipated value or sales price being out of my reach, or in limited cases.
Today in our series we see a cool IPO Tombstone representing our favorite company- Apple, Inc. Apple used its full name- Apple Computer, Inc.- up until 2007 when, as a result of its wildly successful iPhone, iPod and iTunes and other consumer electronics, it wanted to reposition Apple in the market’s mind, after which it dropped “Computer.” Tombstones are advertisements with the very basic information for prospective investors when a new company goes public.
Here’s the seller’s description:
This Apple Tombstone was cast on the occasion of the original initial public offering of stock. It measures 5″ X 5 1/2″ and is in like new condition. As can be seen in the photos, this offering was not available (banned) in Boston because the issue had not been ‘blue skyed’ in Mass. This offering was done on December 18, 1980 for four million shares. These are seldom seen and are a rare collectible.
I misjudged the market value on this one by almost 30%. Assessing the market on rare, one-of-a-kind collectibles can be quite difficult at times, so then the question becomes “What is it worth to me?” In this case, it brought $710 with 11 bids.