At the end of November, New York auction house Sotheby's revealed that it was to auction off the founding documents for Apple as part of a books and manuscripts auction on December 13. The documents, which establish the Apple Computer Company and are signed by Steve Jobs, Steve Wozniak, and Ronald Wayne, are dated April 1, 1976 and were expected to fetch between $100,000 and $150,000. However, it seems the documents were worth a lot more than Sotheby's initially anticipated.
Eduardo Cisneros, chief executive officer of Cisneros Corporation, purchased the documents for over 10 times the amount they were expected to sell for, bidding $1,350,000 for the papers. Including the buyers premium, which Sotheby's tacks onto the price, the total came to $1,594,500 for the five pages pages.
According to Bloomberg, six people competed for the documents, starting at $70,000. The Cisneros family placed 254 on Forbes' most recent list of billionaires, with Cisneros Group being one of the world's largest privately held media and entertainment companies. The family has a net worth of $4.2 billion.
Apple is really a joke after all...
=D
Still, holy crap....
Apple is really a joke after all...
lol
Does the document have any value to a collector? Obviously, yes.
Like it, or not, collectors often pay way more for things than would be suitable from a common sense perspective. Think about the obsene values of some cars, jewelry, art....even comic books.
No, no, no! You can't post a logical common sense response. Since these are Apple related documents you can only say things like "good toilet paper" or "even Apple paper is overpriced".
Sorry....you are so correct!!!
So would it be too cliche to say that the contract (company) isn't worth the paper it is written on???????
All of these are indeed ridiculously overpriced. Whats your point?
Value (like beauty) is the eye of the beholder. We could get all philosophical here are compare this scenario to a glass of water. Good for a thirsty man, but not so good for a drowning man. Its value is a matter of perspective.
But, that would be a waste of time. Timing for making more Apple sauce...... Let the bashing continue!
He's probably ashamed a troll comes from his country.
Whoa whoa buddy, I just dislike fanboys, in this case, an Apple fanboy. I'd think it equally idiotic to pay this sum of money for the founding documents of Google, Microsoft, Intel, etc etc. The reference to Apple branded water is just a jab at the fact that of all fanboys, Apple's seem to be the most zealous. Oh, wait, never mind, reading your other comments it's pretty clear you're a fanboy yourself, ah, so many words, wasted
Actually, wait, I'm curious... do all of you who come out to defend Apple/Google/Randomcompany you own stocks or something? Or do you just get super aggravated for no good reason every time someone says anything even REMOTELY bad about some company that has nothing to do with you?