The refrigerator was reportedly sold by General Electric between 1929 and 1931, the media reported. The price at the time of sale is 300 dollars, which is equivalent to 4,225 dollars (about 492,000 yen) when converted to the current price.
The current owners of the refrigerator are Mark Vail and Jane Galyean, who live in New York. They said they got this refrigerator about eight years ago. It is said that it was purchased not as an antique, but as an electric appliance for daily use.
The New York Post describes the condition of the refrigerator, which has a basketball-like cooling mechanism at the top, "you can cool food as if you bought it yesterday."