At the Sotheby’s auction house yesterday, Apple’s founding papers – where Steve Jobs, Steve Wozniak and Ron Wayne came together to launch the famous tech company on April 1, 1976 – was sold for $1.35 million.
The papers encloses a great story within itself: Jobs and Wozniak had agreed to take a 45%-45% stake in the company , whereas Ron Wayne was given a 10% piece as a ‘tie-breaker’ of sorts for any ‘reality distortion field’ disruptions that might occur. However, Wayne was a little too jumpy about investing in a company where one of its owner was a shy, geeky nerd, and another a hippie who refused to take bath and where sandals. He sold his 10% soon after for just $800, although had he stayed, he would have netted $36 billion by today.
The auction for the papers started at a measly $70,000, but only 9 mins later, it was sold for $1.35 million. The final bid came from Cisneros Corp CEO Eduardo Cisneros, according to Bloomberg, who is the second wealthiest man in South America.
You can watch the last min of the bid here.