Apple founding documents sell for $1.6 million

[n2doc]

By Mikey Campbell

Published: 05:10 PM EST (02:10 PM PST)
The original contract from 1976 that Steve Jobs, Steve Wozniak and Ronald Wayne signed to formally found the Apple Computer Company was sold at auction for more than ten times its estimated value.


When the hammer dropped at Sotheby's books and manuscript auction on Tuesday, the final price of the contract and associated documents came in at $1,594,500 with the buyer's premium, a more than tenfold increase over the $150,000 price tag that experts had initially estimated.

Bidding started at $70,000 for the lot and reached seven digit territory after only ten minutes on the block. The winning offer came from an unidentified phone bidder who paid $1.35 million plus a buyer's premium of $244,500 to own the historic tech documents.

The legally-binding document signed by the three co-founders was originally owned by the Wayne, who was granted a 10% stake in the company after having successfully persuaded Wozniak, who at the time worked for Hewlett-Packard, to join Apple.
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http://www.appleinsider.com/articles/11/12/13/apple_founding_documents_sell_for_1_6_million.html

[rfranklin]

1. There's a sucker born every minute...

and anyone who would pay $1.6 million for that document is a fucking idiot.

[tridim]

2. Must have been Mitt.

What a complete waste of money. They're worth about 50 cents IMO. The cost of the paper and the ink.

[ret5hd]

3. What do you think those dollars are worth? ..........paper and ink.