Apple Founding Contract Sells For $1.6 Million At Auction

Amit Chowdhry | Tuesday December 13, 2011 | 885 views| 1 Comment


Last month I wrote about how the founding contract of Apple Inc. (NASDAQ:AAPL) was for sale on auction. The contract was signed by Steve Jobs, Steve Wozniak, and Ronald Wayne. Ronald Wayne had a chance to become a partner at Apple in 1976, but ended up selling his 10% stake in the company for $800. Today 10% of Apple would be worth $36.4 billion. In 1994, Ronald Wayne sold the founding contract of Apple for a few thousand dollars. Wade Saadi bought the contract from Wayne and sold it on Sotheby’s this week. The contract ended up selling for $1.6 million even though it was valued at $150,000. [BusinessInsider]

Related posts:

  1. Apple Founding Contract Signed By Jobs, Wozniak, and Wayne Going For Auction Next Month
  2. Apple Selling Non-Contract iPhones At $599 (8GB), $699 (16GB)
  3. Apple Starts Selling iPhone 4S Contract-Free For $649 And Higher
  4. iPhone Now Available Contract-Free At Apple Stores
  5. Sprint Dropping Galaxy Tab Price To $299.99 On Contract and $499.99 Contract-Free


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