Apple founding document sold for nearly $1.6 million at Sotheby’s Auction (Video)

By on Dec 14, 2011 in Business, Lifestyle, United States Comments

The original copy of the founding document of Apple was sold for nearly $1.6 million at Sotheby’s Auction in New York on Tuesday, December 13, 2011, in which the video of the last bidding is shown below.



Part of the Apple founding document, bearing the
signatures of Steve Wozniak, Steve Jobs,
and Ronald Wayne

Image Credit: Sothebys.com

According to a pdf file press release by Sotheby’s that day, the Apple founding document was bought by Eduardo Cisneros, CEO of Cisneros Corporation, for $1,594,500, or ten times the expected value.

Reports said that the bidding started at $70,000 in a half-empty room attended by around 20 people and is almost as many as the staff of Sotheby‘s answering the phone calls, and reached the seven digit mark after around 10 minutes only.

Cisneros, a phone bidder, was said to have paid $1.35 million and a buyer’s premium worth $244,500 to own the historical Apple documents, for a total amount of $1,594,500.

As reported earlier, the three-page Apple document was signed by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, is being estimated to fetch between $100,000 and $150,000 at Sotheby’s.

The Apple document, establishing the Apple Computer Company, was written and initially owned by Wayne, who met Jobs while working at Atari Inc., and the former was agreed upon to receive 10 percent of Apple.

However, Wayne withdrew himself as an Apple partner on April 12, or eleven days later, in which a registrant copy of Santa Clara County‘s statement of Wayne‘s withdrawal is also included in the auction.


Apple founding document bidding
Video Credit: pelmerdewitt/YouTube/Sotheby’s



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