Apple papers auctioned off for $1.6m
Three typed partnership agreements signed by Apple co-founders, Steve Jobs, Steve Wozniak and Ronald Wayne of April 1 1976, have been sold for nearly $1.6m.
Eduardo Cisneros , chief executive of Cisneros Corporation, walked away with the documents after a bidding war with five other bidders saw Sotheby’s estimated price of $150,000 smashed.
Wade Saadi, founder of IT recruitment firm Pencom Systems, put the papers up for sale after holding onto them since 1994 – when he purchased them off Wayne for “several thousand dollars”.
It is the second poor business decision for Wayne after he decided to quit Apple within just 11 days – fearing that he would be liable for any losses incurred by Apple.
The sale comes at a time of peaking public interest in Apple following the death of Steve Jobs; his biography is now the best-selling title of 2011 on Amazon.