+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

A BMW sports car once owned by Steve Jobs is going up for auction - and it's expected to sell for up to $400,000

Oct 31, 2017, 05:41 IST

Karissa Hosek courtesy of RM Sotheby's

Advertisement
  • The BMW Z8 once owned by Steve Jobs will be put up for auction in December.
  • The sleek sports car is expected to sell for between $300,000 and $400,000.
  • Jobs bought the car in 2000, after being named permanent CEO of Apple.

If you have the cash, you can now cruise around in the same BMW Z8 roadster once owned by Steve Jobs.

The vehicle, which was first owned by the late Apple cofounder, will be put up for auction in New York City on December 6. It's expected to sell for between $300,000 and $400,000 - at least double what Jobs paid for the car in October 2000. He sold the car three years later.

The silver convertible comes with a copy of its old California registration, under the name "Jobs, Steven P.," and the original Motorola flip-phone built into the display.

Advertisement

"Interestingly enough, and perhaps unsurprisingly, Jobs was known to have hated the Motorola phone," according to the listing on auction house RM Sotheby's website.

Karissa Hosek courtesy of RM Sotheby's

Jobs was not known as a car enthusiast, but he took a liking to German design, RM Sotheby's said. The tech visionary also owned a Mercedes-Benz SLs and BMW motorcycles. According to legend, tech billionaire Larry Ellison convinced Jobs to buy the BMW Z8, comparing its modern automotive engineering and ergonomics to Jobs' own products and personality.

In 2000, Jobs was installed as the new CEO of Apple, after serving as an interim replacement for ousted executive Gil Amelio. The company was worth about $5 billion that year.

His car has a "titanium" exterior and black leather interior. It has clocked about 15,200 miles.

Advertisement

History buffs and Apple fans will certainly be drawn to the car, which is marked up because of its history. But the price is still reasonable for the car. The BMW Z8 cost $129,000 when it launched in 2000, and sells for more than $200,000 today, according to Autotrader's Doug DeMur.

NOW WATCH: The secret to Steve Jobs' and Elon Musk's success, according to a former Apple and Tesla executive

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article