Apple Founding Documents Sell for Nearly $1.6 Million

Late last month, we noted that Apple's founding corporate papers were headed up for auction, with Sotheby's estimating that the documents would fetch in the range of $100,000-$150,000. The set of documents included the original three-page contract signed by Steve Jobs, Steve Wozniak, and Ron Wayne, as well as several other documents related to withdrawal from the company just 12 days after it was founded.

apple documents sold
According to the Sotheby's auction page for the documents, which are part of an ongoing sale of fine books and manuscripts, the lot sold for $1,594,500, considerably higher than the pre-auction estimates. That price includes a buyer's premium of 12% paid to Sotheby's.

The identity of the winning bidder has not been revealed, but the seller was identified last week as Wade Saadi, who purchased the documents from Ron Wayne in 1994 for "several thousand dollars".

Update: Sotheby's appears to have removed the final sales price from the auction listing for unknown reasons. Fortune reports that the winning bid came in via telephone at $1.35 million, although that figure apparently does not include the buyer's premium.

Update 2: As reported by the BBC, the winning bidder was Eduardo Cisneros, an executive whose Miami-based company owns stakes in a number of different companies.

Top Rated Comments

gmcalpin Avatar
119 months ago
Man, Ron Wayne just can't catch a break.
Score: 18 Votes (Like | Disagree)
furi0usbee Avatar
119 months ago
The seller was identified last week as Wade Saadi, who purchased the documents from Ron Wayne in 1994 for "several thousand dollars".

LOL.. Wayne just never did stop making bad business decisions... I really feel bad for that guy. At least he has a good sense of humor.

Bryan
Score: 10 Votes (Like | Disagree)
Fazzy Avatar
119 months ago
Hey its either these original documents or 320 12 core Mac Pros. Take your pick :D
Score: 6 Votes (Like | Disagree)
Bahamut Eos Avatar
119 months ago
Boy, Ron Wayne really seems to make bad financial decisions, especially in regards to apple.

http://www.wired.com/epicenter/2010/06/apple-co-founder-ron-waynes-long-strange-and-sad-trip/
Score: 4 Votes (Like | Disagree)
SandboxGeneral Avatar
119 months ago
Thats a lot of money for some paper with their signatures. I guess I just don't get it. What in the world is the buyer going to do with them?

Personally, I could find better things to spend $1.6 million on.
Score: 3 Votes (Like | Disagree)
furi0usbee Avatar
119 months ago

Man, Ron Wayne just can't catch a break.


You beat me to it! Poor Ron. Anyway, I suspected these would go for big bucks. You basically have the blueprint for one of the most storied businesses in all the world. It's a good thing I don't have the money. I would have dropped as much on these.

Bryan
Score: 3 Votes (Like | Disagree)

Top Stories

bloodoxygenapplewatch

Apple Watch Series 7 Rumored to Feature Blood Glucose Monitoring

Monday January 25, 2021 5:05 am PST by
The Apple Watch Series 7 will reportedly feature blood glucose monitoring via an optical sensor, according to ETNews. The report, which mainly focuses on the blood glucose capabilities of the Samsung Galaxy Watch 4, explains that Apple is intending to bring blood glucose monitoring to the upcoming Apple Watch Series 7 using a non-invasive optical sensor. Measuring blood glucose levels,...
magsafecasedangle

Apple Elaborates on Potential for iPhone 12 and MagSafe Accessories to Interfere With Implantable Medical Devices

Saturday January 23, 2021 2:42 pm PST by
Since the launch of iPhone 12 models in October, Apple has acknowledged that the devices may cause electromagnetic interference with medical devices like pacemakers and defibrillators, but the company has now shared additional information. Apple added the following paragraph to a related support document today:Medical devices such as implanted pacemakers and defibrillators might contain...
14

Apple Releases iOS 14.4 and iPadOS 14.4 With New Camera Warnings and Bug Fixes

Tuesday January 26, 2021 10:04 am PST by
Apple today released iOS and iPadOS 14.4, the fourth major updates to the iOS 14 operating system that was initially released in September. iOS and iPadOS 14.4 come more than a month after the release of iOS and iPadOS 14.3, updates that brought new emojis, Intercom support, and more. The iOS and iPadOS 14.4 updates can be downloaded for free and the software is available on all eligible...
Top Stories 44 Feature

Top Stories: 'Thinner and Lighter' MacBook Air, Smaller iPhone 13 Notch, iOS 14.4 Incoming

Saturday January 23, 2021 6:00 am PST by
We continued to hear a lot more about Apple's plans for its Mac lineup this week, including word of a high-end redesigned MacBook Air and the return of an SD card slot as part of the upcoming MacBook Pro redesign. It also sounds like Apple has been working on Face ID for Mac, but it won't be appearing in a redesigned iMac this year as originally planned. This week also saw rumors about the...
14

Apple Releasing iOS 14.4 and watchOS 7.3 Later Today

Tuesday January 26, 2021 7:20 am PST by
In its Black History Month announcement this morning, Apple has confirmed that iOS 14.4 and watchOS 7.3 will be released later today. watchOS 7.3 expands the ECG app on the Apple Watch Series 4 and newer to Japan, Mayotte, Thailand, and the Philippines, while iOS 14.4 introduces a notification on iPhone 12 models with non-genuine cameras. Both software updates also add support for a new...
maxresdefault

Microsoft Touts Surface Pro 7 as 'The Better Choice' Over MacBook Pro in New Ad

Saturday January 23, 2021 11:02 am PST by
Microsoft yesterday shared a new ad on YouTube titled "Microsoft Surface Pro 7: The Better Choice," in which the company compares its tablet computer to Apple's 13-inch M1 MacBook Pro, as spotted by MSPoweruser. The ad highlights the Surface Pro 7's touchscreen and included stylus as opposed to only a "little bar" (the Touch Bar) on the MacBook Pro. Other advantages of the Surface Pro 7...
apple watch black unity

Apple Celebrates Black History Month With Limited-Edition Watch, Featured Apps and Books, and More

Tuesday January 26, 2021 6:14 am PST by
Apple today announced that it will be celebrating Black History Month with curated content that highlights and amplifies Black creators, artists, developers, and businesses across the App Store, Apple Music, the Apple TV app, Apple Books, Apple Podcasts, and more. The content will be featured throughout the month of February. Black Unity Sport Band has "Truth. Power. Solidarity." ...
7

Apple Releases watchOS 7.3 With Unity Watch Face, Expanded ECG Availability and More

Tuesday January 26, 2021 10:03 am PST by
Apple today released watchOS 7.3, the third major update to the watchOS 7 operating system that was released in September. watchOS 7.3 comes more than a month after watchOS 7.2, an update that brought support for Apple Fitness+ ‌‌The watchOS 7.3 update‌‌ can be downloaded for free through the dedicated Apple Watch app on the iPhone by going to General > Software Update. To install...
time to walk apple watch

Apple Fitness+ Feature 'Time to Walk' Launching Soon With Audio Stories From Special Guests

Saturday January 23, 2021 7:13 pm PST by
Earlier this week, Apple seeded the watchOS 7.3 Release Candidate, which is typically the final beta version of a software update. The release notes for the update list a new "Time to Walk" feature for Apple Fitness+ subscribers, described as "an audio experience in the Workout app where guests share inspiring stories as you walk." Apple Fitness+ subscribers will be able to open the Workout...
apple dan riccio

Dan Riccio Transitioning to New Project, John Ternus to Lead Apple's Hardware Engineering Team

Monday January 25, 2021 2:05 pm PST by
Apple today announced that current Apple hardware engineering SVP Dan Riccio is transitioning to a new role where he will focus on an unspecified project, with John Ternus set to take over as Apple's senior vice president of hardware engineering. In a statement, Apple CEO Tim Cook said that Riccio made Apple a better and more innovative company, and that Ternus will bring a deep expertise...