Apple founding documents sold for £1 million at auction

Bidding sees Apple's founding papers shift for $1.6 million at Sotheby's auction

The original contractual papers signed by Steve Jobs, Steve Wozniak and Ronald Wayne at the birth of Apple have sold for £1 million at auction

Apple’s original papers signed by founders Steve Jobs, Steve Wozniak and the oft forgotten third man Ronald Wayne back in 1976 have been sold for almost $1.6 million (£1.03 million) at auction, more than 10 times their estimated value.

Penned on April 1st 1976, the day Apple was formally founded, the papers were expected to sell for between $100,000 and $150,000 before six bidders at the Sotherby’s auction competed for the piece of Apple history.

Sold by Wade Saadi, Founder and CEO of IT recruitment firm Pencom Systems, the documents had originally belong to Apple co-founder Ronald Wayne before Saadi acquired them in 1994 for “several thousand dollars.”

Documenting the original birth of Apple, now the world’s largest computer company, the papers include amendments made just 11 days after conception after Wayne opted to quit the fledgling company and exchange his 10 per cent share in Apple for just $800.

Speaking last year Wayne said he remained happy with his decision to part ways with Apple despite the enormous fortune he could have made.

"I felt the enterprise would be successful but at the same time there could be bumps along the way and I just couldn't risk it," he told the Daily Telegraph. "Would I like to be rich? Everybody would like to be rich but I couldn't keep up the pace. I would have been wealthy, but I would have been the richest man in the cemetery."

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Via: BBC