- Leather jacket owned by Nvidia CEO Jensen Huang sells for $960,000, well above estimate of $40-60,000
- Huang’s jackets have become a tech industry icon and a staple part of the CEO’s “uniform”
- Proceeds will help fund scholarships and more in tech.
A black Tom Ford leather jacket worn and signed by Nvidia CEO Jensen Huang has sold at auction in New York for $960,000.
“The response to this sale exceeded even our highest expectations,” said Brahm Wachter, Sotheby’s head of modern collectibles, with the jacket selling for about $900,000 more than the auctioneers had expected, given the auction house’s estimate of $40,000 to $60,000.
The jacket itself – one of many the CEO has owned, of course – has become a recognized staple throughout the tech industry, with Huang rarely spotted in public wearing anything else.
Jensen Huang’s jacket sold for $0.9 million
This specific jacket is from Tom Ford’s Spring/Summer 2023 collection, but the CEO has worn similar jackets for years, leading similar examples to become staples of any Nvidia keynote or tech conference.
Huang is one of a growing number of CEOs who have chosen uniformity and simplicity in their clothing – Mark Zuckerberg’s blue jeans and gray t-shirt, as well as Steve Jobs’ black turtleneck, have also become equally iconic.
Independent verifiers reportedly confirmed both the authenticity of the jacket and the signature, revealing that it was worn by Huanh at Foxconn Tech Day 2023.
Obviously, it’s Jensen Huang’s jacket that’s the main reason it reached nearly a million dollars at auction. His company, Nvidia, is something of an AI success story, having grown from a valuation of around $300 billion in 2020 to $4.9 trillion today.
At the time of writing, Nvidia is the most valuable company in the world, just ahead of Apple – with a cost of $940,000 allowing you to buy around 4,653 shares of the company at the current market price.
Proceeds are expected to help fund Edge Institute, a nonprofit organization that will support scholarships, grants and residencies in the technology sector.
Via CNBC
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