Remember when we told you about Apple’s founding contract that was going up for auction? Well, the three-page document just sold for $1.6 million to an unidentified buyer in New York.
The contract was originally owned by Apple’s third co-founder Ronald Wayne, but he sold it in 1994 for only a few thousand dollars. Wayne sold his original 10% share in Apple for $800 and a later payment of $1,500 when he left the company in the early years, which would now be worth $36 billion.
Estimates originally pegged the founding contract as being worth around $150,000.
Bloomberg is reporting that the one-of-a-kind document soared past its original presale range of $100,000-$150,000 and sold for $1.59 million today. The original signatures of Steve Wozniak, Ronald Wayne, and Steve Jobs are all included.
Alex Heath is a journalist who works for Tech Insider. He’s the former co-host of The CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like “ICONIC: A Photographic Tribute to Apple Innovation.” He lives in Lexington, Kentucky. If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Follow him on Twitter.
