Apple Founding Contract Sells For $1.6 Million At Auction

Posted Dec 13, 2011

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]