Apple founding contract fetches RM5mil at auction


appleonline

NEW YORK: The contract that established Apple as a corporate entity in 1976 sold at auction on Tuesday for US$1.59mil (RM5.06mil), 10 times its estimated price, two months after the death of co-founder Steve Jobs.

The contract, sold with another document that removed one of the company’s initial three partners after just 11 days, was the subject of fierce bidding by six people taking part in the auction over the telephone and online, Sotheby’s said.

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