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Tuesday 13 December 2011

Apple’s founding contract sells for$1.6 million at Sotheby’s auction



On April fool’s day in 1976 Steve Jobs, Steve Wozniak, and Ron Wayne signed the founding contract for Apple Computer.  Eleven days later, Ron Wayne decided to sell his 10% of the company for $800, which is now worth $3.9 billion.  The founding contract that made history was originally expected to sell for $150,000, but today sold for a cool $1.6 million to an unnamed phone bidder at a Sotheby’s auction in New York, reports Bloomberg. 

The story goes that apparently the consigner bought the legal papers back in the mid-1990s “from a manuscript dealer” who is thought to had acquired them from Wayne. Listen to the bidding here (starts at 1:14).


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