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@ZebraDude and @zorinlynx is this/was a US thing? because I had relatives who worked in the accounts departments of European companies and they never once mentioned that they would get a cheque back from the bank for the companies accounting purposes (pre-internet) and yes my relatives would talk about their day on the job, especially when it came to me getting my first cheque book and asking my relatives how do cheques work :)
 
Yep. You used to get the cancelled checks back. That lasted into the late 1990's at some banks.
Yes I understand about cancelled cheques but this does not look like a cancelled cheque but a cheque that has gone through the complete banking system of the time. I know from my relatives days of working in accounting departments that cancelled cheques were returned to the company but cleared cheques were logged by the accounting department in their ledger taking down the cheque number, the date, who the cheque was made out to and the amount for whereas the bank kept the cheque for their records.
 
You young people :) Back in the 70s and 80s, you were able to tell the bank to mail you all your cashed checks. I still have a bunch of cashed check from the 80s.
😂 interesting! I had no idea. I was born in 81 so didn’t start dealing with checks until the 90s. It never occurred to me to ask back then, and now with mobile deposit I never have to turn them over at all.
 
"Yes I understand about cancelled cheques but this does not look like a cancelled cheque but a cheque that has gone through the complete banking system of the time."

In the US paid checks are often referred to as cancelled checks, cancelled because they can no longer be negotiated. This one was paid/cancelled as shown by the endorsements on the reverse.
 
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As much as I love Steve Jobs, this just sounds ridiculous to me- a $100K for a piece of paper just because it was signed by him ? I mean even if I had all this amount of money, I'd never spend it on a useless piece of paper I won't even do anything with :) .

Seriously though what's next ? A tissue Steve Jobs sneezed in sold for a cheap $50K ?
 
Checks were so pretty back then!

To the people saying this was a waste of money, etc... To extremely wealthy people, $100K is the equivalent of buying a loaf of bread is to us. As soon as you have more than one extremely wealthy person who want something in an auction, this happens.

Which is obscene, considering millions of people in the USA alone can't buy a loaf of bread!
 
Checks were so pretty back then!

To the people saying this was a waste of money, etc... To extremely wealthy people, $100K is the equivalent of buying a loaf of bread is to us. As soon as you have more than one extremely wealthy person who want something in an auction, this happens.
It's for money laundering, IRL nobody values these things. It's an arrangement done previously, like with all Banksy art, with people that need to clean their money selling/buying ridiculous things
 
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A piece of paper. I’m betting a check with John F. Kennedy‘s signature wouldn’t sell for as much. That is the most ridiculous purchase I’ve seen in a while.
It's not just a "Steve Jobs signature"; it's a "Steve Jobs garage Apple Computer signature". Context is crucial to autograph collectors. A random signature on a blank sheet of paper isn't worth anything like what the same signature would be in a rare context reflecting what the signer was famous before.
 
As much as I love Steve Jobs, this just sounds ridiculous to me- a $100K for a piece of paper just because it was signed by him ? I mean even if I had all this amount of money, I'd never spend it on a useless piece of paper I won't even do anything with :) .

Seriously though what's next ? A tissue Steve Jobs sneezed in sold for a cheap $50K ?
It's not a random Jobs signature. It's by garage Apple Computer Jobs. Contextual signatures (if the context is significant) are much more valuable than random signatures.
 
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It's not a random Jobs signature. It's by garage Apple Computer Jobs. Contextual signatures (if the context is significant) are much more valuable than random signatures.
I'm not saying that "It's not valuable" .. Stuff like this are indeed rare and valuable and all and I actually love seeing such memorable relics from the past. I was talking about that price though- Like after paying $100K for this paper, what am I gonna do with it ? I mean unless of course you're like an extremely rich person who likes collecting those stuff, it just doesn't make any sense for anyone to go and spend that much money on a piece of paper after all.
 
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I'm not saying that "It's not valuable" .. Stuff like this are indeed rare and valuable and all and I actually love seeing such memorable relics from the past. I was talking about that price though- Like after paying $100K for this paper, what am I gonna do with it ? I mean unless of course you're like an extremely rich person who likes collecting those stuff, it just doesn't make any sense for anyone to go and spend that much money on a piece of paper after all.
Yeah, it's not for the average person. There are collectors that come in a variety of types, ranging from well-off people who are purely obsessive (very serious collectors who gather objects around a theme), to people who just have an obscene amount of wealth.
 
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