The paper contract that marked the legal beginnings of Apple goes on sale next month.
Bloomberg reported today that Sotheby's is selling the document at its Fine Books and Manuscripts auction on December 13. The item is estimated to sell for anywhere between $100,000 and $150,000, Sotheby's said in a release (PDF) announcing the sale.
The three-page document is signed by Steve Wozniak, Steve Jobs, and Ronald Wayne. Wayne famously decided to walk away from his 10 percent share of the company in return for $2,300 split up between two payments. Before that happened though, he offered to draft the original letter, which Sotheby's notes is filled with "legal jargon."
The document, dated April 1, 1976, changed hands twice since their original signing, Bloomberg says. A manuscript dealer purchased it from Wayne, then sold it in the mid-1990s to the owner who's put the document up for auction. Along with the original contract, the lot being sold includes an amendment noting Wayne's withdrawal as a partner in the venture (seen in the photo above).
The sale follows the death of Apple co-founder Steve Jobs a decline in Apple's stock price during the past two months., who as the company's CEO in August. During Jobs' second stint at Apple, following his return after being ousted in 1985, the company went on to become immensely profitable. Apple Exxon Mobil as the most valuable company by market capitalization earlier this year, a spot that Exxon has taken back following
Along with the contract, Sotheby's is also selling three of Andy Warhol's self-published books, and letters from George Washington and Vincent Van Gogh as part of its auction.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Aug 18Apple may soon let you rent movies fresh from the theater
Aug 18Apple takes on Netflix, HBO, Amazon with $1B budget (Apple Byte Extra Crunchy Podcast, Ep. 96)
Aug 18Apple takes on Netflix, HBO, Amazon with $1B budget (Apple Byte Extra Crunchy, Ep. 96)
Aug 17Report: Apple Watch Series 3 will have LTE, no direct calling