Apple Founding Contract Up for Sale (update: sold for $1,350,000)

Not every Apple fan knows Apple Computer Co. was founded by three people. Steve Jobs and Steve Wozniak were equal partners. Ronald Wayne got 10 percent of the company for helping to convince Woz to  join Jobs in the new venture.

The agreement was signed by all three on April Fools Day, 1976. Ronald Wayne backed out several days later on April 12. According to Steve Jobs by Walter Isaacson, Wayne didn’t want to be a part of another startup. He received a total of $2300 for his 10% stake.

The historic agreement was purchased from Ronald Wayne in the mid-1990s and is now going to be offered at a Sotheby’s auction December 13.

UPDATE: Apple founding documents were valued at $150,000, but the market valued them at $1,350,000 ($1.6 million after tax).