An online auction pitting the value of Steve Jobs’ first ever job application against a digital-only reproduction of the same letter has ended in a decisive victory for the real world.
But after one week, 43 bids for the physical lot ended with a final price of $343,000 - while its blockchain incarnation attracted just 10 bidders, ending at 12 Etherium - worth $27460.
Jobs, who died of cancer aged 56 in 2011, filled in the application for an unknown role in 1973, a year before he joined video game startup Atari, where he met fellow Apple co-founder Steve Wozniak.
Jobs lists his early interests and skills within the form, noting experience with computers, calculators, design and electronics tech.
He goes on to state he, ironically, had no phone and that — while he possessed a driver’s license — access to transportation was ‘possible, but not probable’.
Young entrepreneur Olly Joshi bought the application form with a group of like-minded associates for £204,000 at an auction held by Charterfields four months ago.
He sold the form alongside its non-fungible token (NFT). An NFT is a unique digital asset representing a real-world object that is minted on blockchain, which guarantees its authenticity. The buyer owns the original digital asset, and proof of its authenticity is built into the NFT's code.
A major auction house offered a digital-only artwork with an NFT for the first time in March, when Christie's sold one from digital artist Mike Winklemann, aka Beeple, for $70 million (£51 million). It was also the first time crypto had been used to pay for an artwork at a major auction.
Ahead of the auction Joshi had said he hoped the lot would be “a massive proof point for NFTs and their role in culture.”
For more, visit the auction page at https://stevejobsjobapplication.com/