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Apple's founding contract fetches 1.6 million dollars at auction
Dec 13, 2011, 21:38 GMT
New York - The contract that established Apple in 1976 sold Tuesday at an auction in New York for 1.59 million dollars.
The document, which was signed by Steve Jobs, Steve Wozniak and Ronald Wayne fetched over ten times its forecast sales price of 100,000 dollars to 150,000 dollars, according to Sothebys.
Wayne was the forgotten founding partner of what became the world's most valuable technology company. He sold his share of Apple just twelve days after the company was established for a reported 800 dollars. Had he remained a partner his 10 per cent share would now be worth 36 billion dollars.
Wayne was also the owner of the founding three-page contract, which he sold in 1994 to collector and technology executive Wade Saadi for several thousand dollars, according to Bloomberg News.
Saadi said he decided to sell the document after interest in Jobs spiked following his death in October at the age of 56.
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