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Apple contract nets more than 1m euros at auction

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Apple contract nets more than 1m euros at auction


It is only a simple black and white document but the contract that established Apple as a company has been sold at auction in New York for more than a million euros – 1.2 to be exact.

Six bidders competed for the item that eventuallly sold for more than 10 times its estimated price.

The winner was Eduardo Cisneros, chief executive of a private media, entertainment and telecoms business.

Auction house Sothebys was more than happy. Its Head of Books and Manuscripts, Richard Austin, said: “Well, it certainly reflects the love that a lot of people have for Apple as a brand and as an idea. It’s also a great example for a lot of people of combining technology and design. So, someone who was able to do that and do that consistently well… I mean, I think the biggest, probably, sign of Apples value is the fact that it has a market cap of 350 billion dollars.”

The contract stated Steve Jobs and Steve Wozniak were Apple’s main shareholders with 45 percent each. The rest is hi-tech history.

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