Thu. Jul 7th, 2022

Apple’s Founding Contract Papers Sold For $1.59 Million At Sotheby’s

The most precious documents of Apple were added for auction at Sotheby’s auction. The papers weren’t any legal papers of Apple which were putted on auction but the papers were the founding contract for Apple Computer signed by Steve Jobs, Steve Wozniak, and Ron Wayne on 1st April 1976. The day was for sure April Fools day. Eleven days after signing the contract, Ron Wayne, sold his 10% of the company for $800, which is now worth $3.9 Billion. The founding contract of Apple was expected to sell between $100,000-$150,000, but today the old three page documents made a history.

The set of documents were sold for nearly 1.6 Million to some unnamed telephonic bidder at a Sotheby’s auction in New York.

According to Bloomberg:

A phone bidder acquired the document, signed on April 1, 1976, by Steve Jobs, Steve Wozniak and Ronald Wayne. The price, which includes the buyer’s premium, soared past the estimated presale range of $100,000 to $150,000.

The winner of these documents is still behind the curtains, where as the seller was identified as Wade Saadi, who had purchased these documents from Ronald Wayne, in 1994 for several thousand dollars.

You can listen the bidding from here.