The original three-page founding contract documents for Apple Computers, signed by co-founders Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976 sold at Sotheby’s, Tuesday morning for $1.35 million plus 12% buyer’s premium, totaling $1.6 million ($1,594,500).
When the auction was announced in late November, it was estimated that the documents would fetch $100,000 to $150,000. In reference to the documents, Richard Austin, head books and manuscripts at Sotheby’s in New York said:
“This is a foundation document in terms of financial history, social history and technological history.”
The buyer was identified as Eduardo Cisneros, CEO of Ciscneros Corp., a Miami company, and a director on the board of the South Florida-based Gibraltar Private Bank & Trust. The seller was identified by Bloomberg as Wade Saadi, founder and CEO of Pencom Systems Inc., who purchased the documents from Ron Wayne in 1994 for “several thousand dollars”.
For more detailed history of the document, check out Bloomberg’s initial reports of the auction.