Jensen Huang’s leather jacket sold for $960,000 at Sotheby’s, 96 times its retail price
TL;DR
Nvidia CEO Jensen Huang’s signed leather jacket sold at Sotheby’s for $960,000, far above the $40K-$60K estimate. 45 collectors bid. It retails under $10,000.
One of Nvidia CEO Jensen Huang’s signature black Tom Ford leather jackets sold at Sotheby’s on Friday for $960,000 after 65 bids from 45 collectors. The pre-sale estimate was $40,000 to $60,000. The jacket retails for just under $10,000. Huang wore it in 2023 at a Foxconn event in Taipei and signed it for the auction.
“The response to this sale surpassed even our highest expectations,” said Brahm Wachter, Sotheby’s head of modern collectibles. Proceeds will go to the Edge Institute, a nonprofit supporting innovation through fellowships, grants, and residencies. The AI boom is producing wealth at a scalethat turns a CEO’s wardrobe into a collectible asset class. A jacket that costs $10,000 new selling for 96 times that price is less...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
