|December 22nd, 2011 3:43 PM|
by Ken Gagne
|Filed under History, Mainstream coverage;|
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Earlier this month, Apple's founding contact was auctioned from the estate of Wade Saadi by Sotheby's. Its estimated value was in the range of $100,000 to $150,000 USD.
It went for $1,350,500 — almost ten times more than expected. For comparison, an actual Apple-1 computer went for $213,600, or 15% as much as the contract.
It's hard to see this sale as yet another unfortunate transaction in which Apple co-founder Ron Wayne was involved. He sold this same contract in 1994 ago for $500 (although some reports indicate it was several thousand dollars); if he'd held onto it, he could've sold it for 2,701 times more than what he got for it. Of course, that's nothing compared to the $800 for which he sold his 10% share of Apple stock in 1976. Today, it'd be worth $35 billion, or 43,750,000 times more.
But there may be hope yet. That contract was one of several documents that Wayne has kept in his possession all these years. Brian Heater of Engadget recently rifled through Wayne's archives:
The documents, stashed in a USPS mailer kept by the door of his office, were a veritable treasure trove of information, including pages of pages of plans and pencils drawings of an Apple I enclosure Jobs asked Wayne to build — his creation was ultimately rejected by Apple and lost to history as the company gained steam.
Also stored in the envelope were a facsimile of the contract signed by Wayne, Woz and Jobs, which recently sold on auction for more than $1 million — in fact, it was Wayne's original copy that hit the auction block. He had parted ways with it for far, far less some time ago. Wayne's Statement of Withdrawal is in the pile as well — the document effectively ended his term with the company, filed for a $5 fee. Also inside are an Apple I operation manual, with the company's original logo, designed by Wayne himself and an Apple II order form.
Will one of these documents end up on the auction block next? Will Wayne's brushes with fortune ever bear fruit? Or will he forever earn nothing more than a footnote in Apple's history?