The contract that established Apple as a corporate entity in 1976 sold at auction on Tuesday for $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.
According to Bloomberg, the documents went to Eduardo Cisneros, chief executive officer of Cisneros Corp. The Cisneros family, according to a 2006 Forbes listing, is the second wealthiest in South America.