The original Apple Computer founding documents, which were signed and filed back in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, and set up Apple Computers as a company, are coming up for auction at Sotheby’s in New York on December 13th. These historic documents are expected to be sold for around $150,000.
The Significance of the Founding Documents
The founding documents of Apple Computer are not just pieces of paper; they represent the birth of one of the most influential technology companies in the world. When the company was originally set up, Ronald Wayne had a 10% stake in Apple Computers. However, Wayne decided after just a few weeks to leave Apple. He submitted a Statement of Withdrawal (which is also included in the document pack) to have his name removed from the documents and the company.
Wayne’s decision to leave Apple is often cited as one of the most significant “what if” moments in business history. If Wayne had stayed part of Apple Computers, his 10% share would have grown to be worth a massive $2.6 billion at the end of 2010. This staggering figure highlights the exponential growth and success that Apple has achieved over the decades.
Historical Context and Impact
The auction of these documents provides a unique glimpse into the early days of Apple, a company that has since revolutionized the technology industry. Founded in a garage in Cupertino, California, Apple started with the vision of creating user-friendly computers. Steve Jobs and Steve Wozniak, the other two co-founders, were passionate about making technology accessible to the masses. Their first product, the Apple I, was a simple computer kit that laid the foundation for future innovations.
Ronald Wayne’s involvement, although brief, was crucial in the initial setup of the company. Wayne, who was older and more experienced than Jobs and Wozniak, provided valuable guidance and even designed the first Apple logo. Despite his early contributions, Wayne felt uncomfortable with the financial risks involved and chose to exit the company. He sold his shares back to Jobs and Wozniak for just $800, a decision he later described as the best he could make at the time given his circumstances.
The documents coming up for auction include not only the original partnership agreement but also Wayne’s Statement of Withdrawal. These papers are a testament to the humble beginnings of a company that would go on to change the world. Collectors and tech enthusiasts alike are expected to show significant interest in this auction, given the historical importance of these documents.
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Source: CNET
The auction at Sotheby’s is more than just a sale; it’s an event that underscores the incredible journey of Apple from a small startup to a global powerhouse. The estimated sale price of $150,000 reflects not only the rarity of these documents but also their immense historical value. For anyone interested in the history of technology and entrepreneurship, these documents offer a tangible connection to the origins of one of the most iconic companies in the world.
The auction of Apple’s founding documents is a significant event that highlights the early challenges and decisions that shaped the company’s future. Ronald Wayne’s brief involvement and subsequent departure serve as a poignant reminder of the unpredictable nature of business and the extraordinary growth that can stem from humble beginnings. As these documents go under the hammer, they will undoubtedly attract attention from those who appreciate the profound impact Apple has had on the world.
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