What you need to know
- THAT infamous Steve Jobs job application letter is back up for auction.
- Having already sold three times for crazy sums, it's now up for auction again.
- The physical letter and an NFT version will be auctioned side-by-side.
Update, July 28 (6:15 pm ET): The auction has closed on both the physical and digital version of the Steve Jobs application letter.
A year before Steve Jobs joined Atari and a long time before Apple was founded, a now-famous job application was penned by the man himself. That application most recently sold for more than $200,000 — and it's up for auction again. Oh, and there's an NFT version as well!
I'm told that both the NFT and physical versions of the application will be auctioned side-by-side and there's even a special website for the occasion — stevejobsapplication.com. The only question? Which will sell for the most money?
Will the NFT sell at all?!
After almost five decades since Steve Jobs put pen to paper to apply for his first job, we are now at a crossroad that he undoubtedly influenced: the value of 'physical' and 'digital' equivalents. Both editions of the job application on sale (physical and digital) are identical, yet unique - same origin, same aesthetic, same opening price, same moment of history. The only difference; the medium. For the first time, investors will have the chance to decide what true value means in 2021.
The auctions are being handled by Rarible on the NFT side and Snoofa over in the physical world. The whole thing will run for six days from today, while the auction kicks off at what I like to call "iPhone time" — 09:41.
The side-by-side auction will go live for a week from today (21st July 2021) at 09.41am PDT - paying homage to the time that Jobs would reveal a new product during the iconic launch events to coincide with the clock time featured on Apple products. The NFT was created in partnership with Rarible - a leading NFT marketplace allowing digital artists and creators to issue and sell custom crypto assets. Rarible hosts the NFT image using IPFS protocol, ensuring the digital file behind the NFT is secure and never lost in ownership transfer.
So what happens now? Well, we wait to see how much money someone will part with to get hold of a piece of paper. Or in the NFT's case, not even that!
Update, June 16 (9:40 pm ET): T-Mobile issues apology for outage, claims it came from a circuit failure that cascaded.
Update, July 28 (6:15 pm ET) — The auction has closed on both the physical and digital version of the Steve Jobs application letter.
The auction for Steve Job's application letter has ended. The physical letter has sold for $343,000 and the NFT version of the letter has sold for 12 ETH (the current equivalent of $27,643.80.
The purpose of the auction was to see if a physical letter or NFT would be more valuable. Now that the auction is over, it is easy to see that physical has dominated the digital in terms of value.