Apple’s founding document sells for $1.35 million

“With a flourish of legalese, Ron Wayne drafted the three-page document that founded Apple Computer (AAPL) on April Fools Day, 1976,” Phillip Elmer-Dewitt reports for Fortune.

“Jobs and Wozniak each got 45% of the new company, and Wayne got 10%,” P.E.D. reports. “Eleven days later, Wayne got cold feet. He came back with a two-page document formally withdrawing from the partnership. The 10% he sold back to Jobs and Wozniak for $800 would today be worth $3.9 billion.”

P.E.D. reports, “At a sparsely attended Sotheby’s auction Tuesday the two documents sold for $1.35 million… The buyer, who followed the action by telephone, was unidentified.”

Full article here.

[Thanks to MacDailyNews Readers “Dan K.” and “Judge Bork” for the heads up.]

15 Comments

  1. It is funny thing that this poor Wayne guy lost “it” twice — when he initially sold Apple’s stock and when he sold his copy of founding papers years ago for little money. Now he could have these $1.35 million (minus auction fee and taxes, of course) himself.

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