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Apple Contract Fetches Big
Source: Agencies |
December 15, 2011, Thursday
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Print Edition
Print Edition
THE contract that established Apple as a corporate entity in 1976 sold at a New York auction on Tuesday for US$1.59 million, 10 times its estimated price, two months after the death of high-profile 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.
Eduardo Cisneros, chief executive officer of Cisneros Corp, bought the documents, which had only been expected to fetch up to US$150,000.
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.
Eduardo Cisneros, chief executive officer of Cisneros Corp, bought the documents, which had only been expected to fetch up to US$150,000.
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