Jensen Huang's worn leather jacket sells for $960,000 | Estimated at $40K, it went 24x higher after 65 bids
TL;DR
A signed, worn black Tom Ford leather jacket of Jensen Huang's sold at Sotheby's for $960,000 — 16x its high estimate; proceeds go to the Edge Institute.
A black leather jacket worn by Nvidia CEO Jensen Huang sold at Sotheby's on Friday for $960,000, far above its $40,000–$60,000 estimate. The jacket carries Huang's signature and took 65 rounds of bidding to close.
The jacket is by Tom Ford, a style that retails for under $10,000. The $960,000 price is nearly 100x retail and 16x the high estimate. Huang wore this one at a Foxconn event in Taipei in 2023. The black leather jacket has been his signature look for almost two decades — product launches, company events, trade shows, he's almost always in it.
The sale was a philanthropic initiative organized by Long Journey Ventures, with proceeds going to the Edge Institute to fund fellowships, grants and residencies for the next generation of young builders.
Nvidia is the biggest winner of this AI-chip boom, and Huang himself has become one of Wall Street's favorite faces. A jacket that costs under $10,000 was worth $960,000 — because he once wore it.
via CNBC / ifeng Tech / Fortune
The jacket is by Tom Ford, a style that retails for under $10,000. The $960,000 price is nearly 100x retail and 16x the high estimate. Huang wore this one at a Foxconn event in Taipei in 2023. The black leather jacket has been his signature look for almost two decades — product launches, company events, trade shows, he's almost always in it.
The sale was a philanthropic initiative organized by Long Journey Ventures, with proceeds going to the Edge Institute to fund fellowships, grants and residencies for the next generation of young builders.
Nvidia is the biggest winner of this AI-chip boom, and Huang himself has become one of Wall Street's favorite faces. A jacket that costs under $10,000 was worth $960,000 — because he once wore it.
via CNBC / ifeng Tech / Fortune
