Historic Steve Jobs Contract Goes Up for Auction

Dec 8, 2011  •  Post A Comment

A historic contract signed by Steve Jobs is going up for auction and could fetch as much as $1 million, the New York Post reports.

The contract that created Apple on April Fool’s Day in 1976 will be auctioned by Sotheby’s, the story reports. The document will go on display today at Sotheby’s galleries, and is set for auction on Dec. 13, the story notes.

The contract, signed by Apple’s three original founders, has created a "big splash" in Silicon Valley, the piece adds.

The signatures are from the late Steve Jobs and Stephen Wozniak, who each took 45% of the company, and Ronald Wayne, an investor, who took 10%, the story notes. Only three copies of the contract existed, with each held by one of the signers.

Wayne later sold his stake in 1976 for $2,300, although it would have been worth $2 billion today, the piece adds. He also sold his copy to a collector, who has put up the contract for sale at Sotheby’s. The contract has a minimum bid of $100,000, the story notes.


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