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Kilby microchip valued as much as $2 million fails to sell

Jack Kilby

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NEW YORK – A 1958 microchip prototype designed by Nobel Prize-winning engineer Jack Kilby that was valued as much as $2 million failed to sell at a Christie’s auction Thursday.
The highest bid was $850,000 in today’s sale in New York, failing to reach the “reserve price,” or the agreed-upon price between the sellers and the auction house. The glass-mounted tiny metal chip had an estimated range of $1 million to $2 million.
“Despite much pre-sale interest, bidding did not reach the reserve, so the item did not find a buyer today,” Sung-Hee Park, a Christie’s spokeswoman ...

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