I had one! I bought a used IBM ThinkPad 701 in a Hong Kong computer market in 1996 while backpacking through China and Southeast Asia. I think it was $800 or $900.
Although primitive by today's standards, it was a solid little laptop that served me well for the tasks I was engaged in at the time … writing, Web surfing (on a very slow modem), learning HTML, and playing Doom.
It had a color screen, a big improvement over the greyscale screen I had on my previous laptop (no name Taiwanese brand that cost $2000 new!)
The 701 also easily fit in a book bag, although it was a bit thick and heavy.
There are some more photos and historical information about the 701 here: