Have you seen this auction:
According to theory of economics, the second highest bidder sets the fair market price.Alas, Ebay distorts this by not increasing the steps like real auction houses do.
What do you think ? Are these prices the "right ones", whatever that means ? $1215 ?
You need to consider the effects of "time preference" and what I call "RQLT", an acronym which stands for "Residual Quality Life Time". I think I may have invented this term but other philosophers may have arrived a similar conclusions but use different words. In essence, RQLT is the time an individual has left to live a quality life. The three axis involved are time, wealth, and health. The life of any individual can be described by a trajectory in this 3D space. Health, of course, also includes mental health which includes happiness.
One interesting observation I have made is that a unit of RQLT of young people (like kids and teenagers) is essentially worthless (otherwise they would not waste it in front of the TV or with social media or other nonsense, and if I wanted to be cynical, in school, too). However, for older people like me, RQLT gets more and more valuable and cherished, while wealth gets less and less important as long as the basic costs of living are met. In the end, the moment of your death, all the wealth you have is completely meaningless and all money you have is utterly worthless for you.
In between the two points on the time axis named "birth" and "death" all sorts of events can happen. For most, there also will be a point on the time axis called "life quality lost" which means a major event that either wrecks your health or wealth in a terminal way, which can't be undone or recovered from, and everything left for you after that event is misery and suffering instead of a "quality" life.
Only in the ideal case, this point on the time axis coincides with the end point of the time axis, "Death". Smart people try their best to push their "life quality lost" point as close to their "death" point as possible, by eating and exercising well, getting regular cancer screenings, and by avoiding toxic substances or toxic people. Of course, in any case, the increasing value of each unit of RQLT with increasing age means that the older you get, the less you should squander these units on activities that bear no fruit or are otherwise not worthy of your time.
Now, in this philosophical framework, you may be able to understand why some people may pay a lot of money for one of my 100% tested and burned-in Apple-1 IC kits. Their RQLT units probably are deemed by them to be too valuable to be squandered on hours and hours of searching the reason why the damn Apple-1 clone using unqualified ICs from other sources doesn't work.
Based on my own experience with the suprisingly high rate of bad ICs I have already fished out during my process of making these kits I think the chances are slim to get a functional Apple-1 build with unproven ICs. There are lots of ICs in the Apple-1, and a single bad one can rise hell, so the odds are not in your favour, see the "Chamber of Horrors" here:
My "graveyard" of bad ICs I fished out can be seen in post #7. Each of these bad ICs would have needlessly frustrated an Apple-1 builder.
By "fishing" them out and eliminating them I can prevent such frustration ! Every builder using unproven ICs from dubious sources does so at his/her own risk and invites disaster and frustration and wasted time and money (because once the frantic swapping of ICs starts, more ICs will be bought) !
And I can prove this by several cases of Apple-1 builders who just have bought my PROM-only kits I sold before I had built the rigs to produce complete, tested and burned in IC kits. There are some builders using unproven ICs who still struggle to get their Apple-1 builds into a working condition, after 4-5 months or so. Just recently I was contacted by a guy who built three (!) Apple-1 (because the first one did not work, the second one was built in hopes it would turn out better...) and none of them works, but no, he does not want to buy one of my 100% tested and burned-in Apple-1 IC kits because he has all the parts bought elsewhere ... you see the irony here. Many months of frustration and suffering and cursing and wasted time and still not achieving the desired results.
With my 100% tested and burned-in Apple-1 IC kits this simply does not happen. Every builder who built an Apple-1 based on one of my IC kits and has adopted my reliability mods most likely had 100% success on the first power up. This bold statement is based on the fact that not a single case was reported to me where the builder ran into trouble with any of my IC kits. If they had any such trouble, they sure would contact me to complain. Instead, most of the questions & answers on my free coaching-by-email "hotline" every buyer of my kits is eligible to use, revolve around procurement of other parts which I don't provide yet, or how to adapt weird keyboards, or unknown transformers, or how to make the cassette interface work more reliably (you can't, but stay tuned, I'm still working on that, too).
So far everything looks good and it seems my 100% tested and burned-in Apple-1 IC kits work as intended: success on first power-up for Apple-1 builders. But does this justify these high bids seen on Ebay ? Even with the RQLT / time preference effects involved ? I'm asking this because I found no good answer to the phenomenon observed.
Comments invited !