On April Foolsday 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 Eduardo Cisneros, chief executive officer of Cisneros Corp, at a Sotheby’s auction in New York, reports Bloomberg. The Cisneros family is the second wealthiest in South America according to a 2006 Forbes listing.
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. We’ve posted the bidding after the break.
Update: we’ve confirmed the documents have sold for $1,594,500, but the $1.3 million that Fortune reported doesn’t include the buyers tax the auction house tags on. Thanks Dewitt!
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- Apple Computer Co. founding contract auctioned at Sotheby’s, reveals how much Wayne received for relinquishing his stake (9to5mac.com)
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