Sotheby’s have sold the original partnership agreement between the three founding members of Apple for just under $1.6 Million ($1,594,500) to Eduardo Cisneros, chief executive of Cisneros Corporation. The Cisneros Corporation obtained the exclusive right to represent Apple computer products in Venezuela in 1984.
The three founders of Apple, Steve Jobs, Steve Wozniak (Woz) and Ronald Wayne signed the documents on April 1st 1976. The documents reveal that Mr Wayne was paid $800 when he decided to hand back his 10% stake in the firm. He later received a further $1,500. The papers include the amendment added 11 days later when Mr Wayne quit (I wonder if he regrets that?)
Mr Wayne played a crucial role in the firm’s creation, helping Mr Jobs convince his friend Mr Wozniak to leave Hewlett-Packard and set up the new company.
He was given a 10% stake in the company so he could act as a tie-breaker if the other two men had a disagreement.