It's not every day that someone throws down more than $40,000 for a short document, but that is exactly what Tristar Productions CEO Jeff Rosenberg did Thursday.
This was no ordinary document, however. It was a signed legal agreement between Steve Jobs and businessman Robert Friedland from August 17, 1978. The 8-page document was up for auction at RR Auction house and sold for $40,045.
"In 30 years of business we have only offered one other Jobs item -- a signature; this document, incredibly substantial and significant in its connection to a major figure in his life, is of the utmost rarity," RR Auction Vice President Bobby Livingston said in a statement.
Apparently, Jobs and Friedland were buddies during college -- where they both attended Reed College, took spiritual trips to India, and worked on Friedland's communal farm and apple orchard.
The document was a partnership agreement between Jobs and Friedland for a "place of business" in McMinnville, Ore.
"The partnership shall engage in the business of investments, including particularly but not being limited to real estate investments, and in such other business of a similar nature or related thereto as shall be agreed upon by the partners," the agreement reads.
It's unclear what became of this business venture between the two friends. Shortly after the deal, Jobs went on to great success with Apple computers. And Friedland became a very successful business tycoon in the mining industry; he is now a billionaire.
Apple relics and souvenirs have been known to make a killing at auctions around the world. In May, a still-working Apple 1 computerat an auction in Germany. And in July, another Apple 1 in an online Christie's auction -- this was the highest priced item ever sold in one of Christie's online-only auctions.