Apple's founding documents pull in $1.6 million at auction

Over two weeks ago, the internets were abuzz with talk of Apple's founding documents hitting the auction block. Word was, they'd rake in a sizable $150,000 on the high-end, but it appears even Sotheby's underestimated the power of paperwork. The three sheets of dead tree in question, signed by Steve Jobs, Steve Wozniak and Ronald Wayne (Apple's often forgotten third founder) fetched a whopping $1.6 million today. The documents originally belonged to Mr. Wayne, who reportedly received just $2,300 after relinquishing his stocks and agreeing to forfeit claims against the big Apple. According to Bloomberg, Sotheby's identified the winning bidder as Eduardo Cisneros, CEO of the Cisneros Corp.

Over two weeks ago, the internets were abuzz with talk of the Apple's founding documents hitting the auction block. Word was, they'd rake in a sizable $150,000 on the high-end, but it appears even Sotheby's underestimated their value. The three pieces of paper in question, signed by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple's short-lived third founder, fetched a whopping $1.6 million dollars today. The documents originally belonged to Mr. Wayne, who reportedly received just $2,300 after relinquishing his stocks and agreeing to forfeit claims against the big Apple. According to Bloomberg, Sotheby's identified the winning bidder as Eduardo Cisneros, CEO of the Cisneros Corp.

Apple's founding documents pull in $1.6 million at auction originally appeared on Engadget on Tue, 13 Dec 2011 18:06:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/13/apples-founding-documents-pull-in-1-6-million-at-auction/

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