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	<title>Betabeat &#187; Copy of the Contract That Founded Apple Up for Auction at Sotheby&#8217;s </title>
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		<title>Betabeat &#187; Copy of the Contract That Founded Apple Up for Auction at Sotheby&#8217;s </title>
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		<title>Copy of the Contract That Founded Apple Up for Auction at Sotheby&#8217;s</title>

		<comments>http://betabeat.com/2011/12/copy-of-the-contract-that-founded-apple-up-for-auction-at-sothebys/#comments</comments>
		<pubDate>Thu, 08 Dec 2011 12:10:14 -0400</pubDate>
					<link>http://betabeat.com/2011/12/copy-of-the-contract-that-founded-apple-up-for-auction-at-sothebys/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=23697</guid>
		<description><![CDATA[<p><div id="attachment_23708" class="wp-caption alignleft" style="width: 230px"><img class="size-full wp-image-23708 " title="220px-RonaldWayneMacworld2009" src="http://nyobetabeat.files.wordpress.com/2011/12/220px-ronaldwaynemacworld2009.jpg" alt="" width="220" height="230" /><p class="wp-caption-text">Mr. Wayne, via Wikimedia</p></div></p>
<p>There are only three copies of the contract that founded Apple back in 1976--one for each of the signers: Steve Jobs, Woz, and Apple's long, lost co-founder Ronald Wayne. Soon, Sotheby's will be auctioning off Mr. Wayne's copy and the puntastic <em>New York Post</em> is nearly beside itself with the word play potential:</p>
<p>"It’s the seed that spawned Apple — and Silicon Valley’s digerati are lusting for it like a hungry Adam," <a href="http://www.nypost.com/p/news/business/apple_ink_Vipsy7qMOP7yONBRDjJQLK?CMP=OTC-rss&amp;FEEDNAME=">begins the story</a>. Wait, did we miss that part in the Bible? Wasn't Eve the one that took a bite?<!--more--></p>
<p>According to the <em>Post</em>, Sotheby's originally thought bids might go as high as $150,000. But the auction house vastly underestimated fanboys spending potential for anything with an Apple logo. Insiders now estimate the document could sell for up to $1 million "due to ego-bidding expected among tech rivals." Maybe Yuri needs something for his <a href="http://www.businessinsider.com/yuri-milner-mansion-2011-3">new foyer</a>?</p>
<p>Mr. Wayne, whom Steve Jobs referred to as Apple's "adult-in-chief" infamously dumped his 10 percent stake, which would now be valued at $2 billion, that same year for $2,300. The other two copies of the contact haven't changed hands, but Mr. Wayne sold his to an undisclosed collector, who is now auctioning it off at Sotheby's for a minimum bid of $100,000. We hope for Mr. Wayne's sake that he got a better price on the physical contract that he did for the equity.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_23708" class="wp-caption alignleft" style="width: 230px"><img class="size-full wp-image-23708 " title="220px-RonaldWayneMacworld2009" src="http://nyobetabeat.files.wordpress.com/2011/12/220px-ronaldwaynemacworld2009.jpg" alt="" width="220" height="230" /><p class="wp-caption-text">Mr. Wayne, via Wikimedia</p></div></p>
<p>There are only three copies of the contract that founded Apple back in 1976--one for each of the signers: Steve Jobs, Woz, and Apple's long, lost co-founder Ronald Wayne. Soon, Sotheby's will be auctioning off Mr. Wayne's copy and the puntastic <em>New York Post</em> is nearly beside itself with the word play potential:</p>
<p>"It’s the seed that spawned Apple — and Silicon Valley’s digerati are lusting for it like a hungry Adam," <a href="http://www.nypost.com/p/news/business/apple_ink_Vipsy7qMOP7yONBRDjJQLK?CMP=OTC-rss&amp;FEEDNAME=">begins the story</a>. Wait, did we miss that part in the Bible? Wasn't Eve the one that took a bite?<!--more--></p>
<p>According to the <em>Post</em>, Sotheby's originally thought bids might go as high as $150,000. But the auction house vastly underestimated fanboys spending potential for anything with an Apple logo. Insiders now estimate the document could sell for up to $1 million "due to ego-bidding expected among tech rivals." Maybe Yuri needs something for his <a href="http://www.businessinsider.com/yuri-milner-mansion-2011-3">new foyer</a>?</p>
<p>Mr. Wayne, whom Steve Jobs referred to as Apple's "adult-in-chief" infamously dumped his 10 percent stake, which would now be valued at $2 billion, that same year for $2,300. The other two copies of the contact haven't changed hands, but Mr. Wayne sold his to an undisclosed collector, who is now auctioning it off at Sotheby's for a minimum bid of $100,000. We hope for Mr. Wayne's sake that he got a better price on the physical contract that he did for the equity.</p>
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