Who would have guessed the value of several pieces of paper that's more than 35 years old, can be worth so much!

"Apple's founding papers have been sold at auction for $1,594,500 (£1.03m). Sotheby's had estimated the three typed partnership agreements would sell for between $100,000 and$150,000.

The documents were signed by the firm's three co-founders, Steve Jobs, Steve Wozniak and Ronald Wayne on 1 April 1976. The papers include an amendment added 11 days later when Mr Wayne quit.

The buyer was Eduardo Cisneros, chief executive of Cisneros Corporation. His Miami-based firm owns stakes in a range of businesses covering real estate, TV production and telecommunications.

Sotheby's said five other bidders took part in the sale.The sale price includes a 12% buyer's premium paid to the auction house Sotheby's for holding the auction. That values the documents themselves at $1.35m."

Source: BBC