An anonymous reader submitted a link to what they claim is the the internet's first banner ad. It comes from 1994 HotWired, paid for by AT&T. It's ugly, but no animation, no popups. It makes me a little nostalgic.
Current reBlogger
http://adriannewortzel.com/eyebeam/Project/
BoozBot Demo from Jeff Crouse on Vimeo.