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Apple's Founding Papers Return to Auction, Could Fetch Up to $4 Million
Wednesday November 26, 2025. 01:46 PM , from MacRumors
The original three-page document served as the contract among Steve Jobs, Steve Wozniak, and Ron Wayne. The agreement established initial shares at 45% for Jobs, 45% for Wozniak, and 10% for Wayne. Additional papers documenting Wayne's withdrawal as a partner just 12 days after the company was formed are also included in the auction package. Wayne initially received $800 for his 10% share of the company, and later received an additional $1,500 payment. Wayne later stated he withdrew because he knew the venture would be a 'roller coaster' and that the high-stakes ride was not for him. If Wayne's original 10% stake had somehow remained untouched, it would be worth about $409 billion today based on Apple's $4 trillion valuation. That's only a playful comparison, mind, since decades of stock splits, new share issuances, and structural changes mean that early 10% slice has no realistic connection to Apple's modern share count! Christie's will offer the founding contract and Wayne's withdrawal agreement as a single lot on January 23, 2026. In the early 1990s, Wayne sold the physical copy of the founding contract for $500. Apple's founding corporate papers were last sold at auction by Sotheby's in December 2011. That lot also included Wayne's withdrawal, and it was sold to a private collector for nearly $1.6 million. (Via Arirang TV.)This article, "Apple's Founding Papers Return to Auction, Could Fetch Up to $4 Million" first appeared on MacRumors.comDiscuss this article in our forums
https://www.macrumors.com/2025/11/26/apples-founding-papers-auction-4-million/
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