Steve Jobs' 1976 Check To Radio Shack Expected To Fetch Over $20,000 At Auction
Portfolio Pulse from Benzinga Neuro
A check signed by Apple Inc co-founder Steve Jobs to Radio Shack in 1976 is expected to fetch over $20,000 at an RR Auction. The check is from the period when Apple was developing its first product, the Apple I computer kit. Collectibles signed by Jobs are rare and highly valued, with a previous Jobs-signed letter selling for nearly $480,000 and another check for over $100,000. Radio Shack, which filed for bankruptcy in 2015, has historical ties to Apple, as Steve Wozniak used their computer system for an early project with Jobs.
December 05, 2023 | 6:12 am
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NEUTRAL IMPACT
The auction of a Steve Jobs-signed check from 1976 may generate interest in Apple's early history, but it is unlikely to have a significant impact on Apple Inc's stock price in the short term.
While the sale of memorabilia related to Apple's history can generate media attention and highlight the company's storied past, such events typically do not have a direct impact on the company's current financial performance or stock price. The relevance is low because the auction pertains to a historical item rather than current company operations, and the importance is minimal for the same reason. The confidence level is high because historical memorabilia sales rarely affect current stock prices.
CONFIDENCE 90
IMPORTANCE 5
RELEVANCE 10