Contract that established Apple likely to auction $150,000

Posted on: November 29, 2011

Young Steve Jobs

An April 1976 contract establishing Apple and signed by the technology giant’s three founding partners — Steve Jobs, Stephen Wozniak and Ronald Wayen — will go under the hammer at auction house Sotheby’s here next month and is expected to fetch about $150,000.

The “two typed documents” of the three-page “Apple Computer Company Partnership Agreement” dated 1 April 1976 will be auctioned by Sotheby’s on 13 December. It is estimated to fetch anywhere between $100,000-150,000.

Along with the original Apple partnership agreement, an amendment dated 12 April dissolving Wayne’s share in Apple will also be put up for auction.

“This is a foundation document in terms of financial history, social history and technological history,” said Richard Austin, the head of books and manuscripts at Sotheby’s. It is the “founding document of the company that has revolutionised technology, business, personal computing and the world.”

Wayne’s withdrawal as partner was documented by a County of Santa Clara statement, which is also part of the Sotheby’s lot. Wayne received $ 800 for relinquishing his 10 per cent ownership of Apple, according to the document

He subsequently received another payment of $1,500.

The original partnership agreement is in three pages (8½ x 11 in; 216 x 279 mm) with “small staple holes and crease in upper left corners.”

The trio met on April 1, 1976 in Wayne’s apartment to draft and sign the partnership agreement for the Apple Computer Company, with Wozniak’s friend Randy Wigginton standing by.

via firstpost


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