Magazine signed by Steve Jobs fetches more than $50K at auction

Last month, we told you about a copy of Newsweek magazine that was going to be auctioned off. Dated October 24th, 1988, the cover featured the picture of a 33-year old Steve Jobs. The headline, "Mr. Chips. Steve Jobs Puts The 'Wow' Back In Computers," was related to the magazine's cover story, which was all about Jobs' unveiling of the first NeXT Computer. Besides the picture of Jobs on the cover, this particular copy of the magazine included something very rare and valuable: Steve Jobs' autograph.

This Newsweek magazine, signed by Steve Jobs, was won in an auction for $50,587.60

This Newsweek magazine, signed by Steve Jobs, was won in an auction for $50,587.60

Putting the magazine up for an initial bid of $1,000 was Denise Williams, a former senior buyer for software firm Lotus Development Corp. She was attending the NeXT computer unveiling when she approached Jobs' and asked him to sign the magazine. Even though he first declined, saying "I don't do autographs," Williams eventually won Jobs over, and he signed the cover of the magazine by writing "I love manufacturing." He underlined the word love.

As we said, the initial bid for the magazine was $1,000. The winning bid? $50,587.60 which included the buyer's premium. Instead of buying the magazine and the autograph, the winning bidder could have used the money to pre-order a huge number of 256GB Apple iPhone X handsets (44 without taxes). The signed copy of Newsweek received 34 bids from 18 qualified buyers.

Apple purchased NeXT in 1997 for $429 million and 1.5 million shares of Apple stock. This was a big turning point for Apple because the deal brought Steve Jobs back to the company he co-founded. The next year, Apple released the iMac, and things were never the same again. The Apple iPod was released in 2001. In 2007, Jobs introduced the iPhone and the iPad was unveiled three years later. Apple is now the most valuable company in the world.

source: RRAuction via AppleInsider

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8 Comments

2. worldpeace

Posts: 3092; Member since: Apr 15, 2016

This news isn't even related to phone, why is it in this site?

4. Kuroki

Posts: 183; Member since: Nov 24, 2013

what did you expect from a website being run by apple fanatics?

6. piyath

Posts: 2445; Member since: Mar 23, 2012

LMAO So much butthurt fan girls

7. Planterz

Posts: 2120; Member since: Apr 30, 2012

The autograph will be worthless when the pages are stuck together (if you know what I mean).

10. Klinton

Posts: 1408; Member since: Oct 24, 2016

'(if you know what I mean).' Yup! I know what you mean. LOL . Spot on. And right article.

8. DavMor0069

Posts: 266; Member since: Dec 09, 2015

You could buy 50 iPhone x instead..

11. trojan_horse

Posts: 5868; Member since: May 06, 2016

Wow, therr sure are hard-core Steve Jobs fans out there!

12. ChaoticRage

Posts: 154; Member since: Jan 15, 2016

Love him or hate him. He change the tech world for the better.

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