
The original contract signed by cofounders Steve Jobs, Steve Wozniak and Ronald Wayne that established the company Apple sold this week at Sotheby's in New York for $1.35 million. AK Files first alerted every art collector of Art Kabinett network about this sale back on November 29, 2011.
The document realized over ten times the pre-sale estimate. Sotheby’s stated, It was purchased by Eduardo Cisneros, chief executive officer of Cisneros Corporation who bought the contract, along with a document that removed Wayne from the company after only 11 days.
The estimated sale was expected to fetch up to $150,000 at the auction of books and manuscripts in New York.
The contract established the Apple Computer Company as we know it. It states that Jobs and Steve Wozniak would each be given 45 per cent of Apple's shares.
Ronald Wayne, who drafted the contract, was given 10 per cent.
Within 11 days, Wayne had decided not be become involved with the unstable technology company.
He was paid $800, and later another $1,500, and was released from the contract. His 10 per cent share would today be worth $2 billion. Wayne sold the documents to a private collector in 1994.
Steve Jobs was the inventor and CEO of one of the worlds most recognizable brands, Apple. This great 20/21 century innovator lost his battle with pancreatic cancer in October this year.
He was born February 24, 1955 and spent decades as a computer entrepreneur and inventor. He was co-founder, chairman, and chief executive officer of Apple Inc. Jobs also previously served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, following the acquisition of Pixar by Disney. He was credited in Toy Story (1995) as an executive producer.