Apollo 11 original moonwalk tapes sell for $1.8 mn

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Apollo 11 original moonwalk tapes sell for $1.8 mn
Apollo 11 original moonwalk tapes sell for $1.8 mn

Washington : A NASA intern who had paid $217.77 for the original videotapes of the Apollo 11 moonwalk turned into a millionaire by selling them for $1.8 million at a Sotheby’s auction on Saturday. The amount happens t be 8,000 times what Gary George had paid for the 1,150 reels of tape in a government surplus auction at the Johnson Space Center in 1976.

The tapes, 2 hours and 24 minutes long, presents Neil Armstrong’s famous declaration: “That’s one small step for a man, one giant leap for mankind."

The sale marked the 50th anniversary of the 1969 moon mission. 

The recordings are probably a good investment "given the trends in sports memorabilia and the extreme appreciation in art and anything Sotheby’s sells," said Michael Purves, chief global strategist at Weeden & Co. "It's something for the mega-rich to talk about at cocktail parties."

On Saturday, US vice-president Mike Pence joined Buzz Aldrin, who walked on the moon, and Rick Armstrong, Neil’s son, at the Kennedy Space Center to celebrate the landmark space mission. Neil Armstrong died in 2012 at age 82.