Jensen Huang's leather jacket fetched $960,000 at Sotheby's, which is 96 times its original retail price.

Jensen Huang's leather jacket fetched $960,000 at Sotheby's, which is 96 times its original retail price.

      Nvidia CEO Jensen Huang’s autographed leather jacket was auctioned at Sotheby’s for $960,000, significantly exceeding the initial estimate of $40,000 to $60,000. The auction involved 65 bids from 45 collectors. The jacket typically retails for just under $10,000. Huang wore the jacket at a Foxconn event in 2023 and signed it for the auction.

      “The response to this sale exceeded our highest expectations,” said Brahm Wachter, Sotheby’s head of modern collectibles. The proceeds will benefit the Edge Institute, a nonprofit dedicated to fostering innovation through fellowships, grants, and residencies. The rise of AI is creating wealth that elevates a CEO's apparel to collectible status, as evidenced by the jacket's selling price of 96 times its retail cost, which highlights the cultural impact of Nvidia’s $4.86 trillion market valuation on its founder's image.

      For nearly two decades, Huang has favored leather jackets, making them a staple of his appearance at product launches, trade shows, and company events. In a "jersey swap" in 2024, Meta CEO Mark Zuckerberg exchanged clothing with Huang and later received one of his jackets at a computer graphics conference, noting, “This is worth more because it’s used.” Although Apple recently surpassed Nvidia to become the world’s most valuable company, there are no auctions for Tim Cook’s polo shirts.

Other articles

Google utilized Veo and Gemini to recreate the most remarkable goal Pelé ever scored, a moment that was never captured on film. Google utilized Veo and Gemini to recreate the most remarkable goal Pelé ever scored, a moment that was never captured on film. Pelé's "Gol da Rua Javari" from 1959 was never recorded on film. Google DeepMind reconstructed it using 2,000 historical documents, interviews with witnesses, and AI models. Another price increase from Apple has occurred, this time affecting Apple One. Another price increase from Apple has occurred, this time affecting Apple One. Apple has increased the monthly cost of its Family and Premier Apple One bundles by $2, while the Individual plan stays the same. Xpeng launched its flying car in Germany, receiving 7,000 orders, and operates a factory capable of producing 10,000 units annually. Xpeng launched its flying car in Germany, receiving 7,000 orders, and operates a factory capable of producing 10,000 units annually. Xpeng's Land Aircraft Carrier is an electric vehicle with six wheels that features a detachable two-seat eVTOL in the rear. It was introduced in Munich, with plans for mass production set for this year. Xpeng launched its flying car in Germany, receiving 7,000 orders and operating a factory capable of producing 10,000 units annually. Xpeng launched its flying car in Germany, receiving 7,000 orders and operating a factory capable of producing 10,000 units annually. Xpeng's Land Aircraft Carrier is a six-wheeled electric vehicle that features a removable two-seat eVTOL at the rear. It was introduced in Munich, with plans for mass production set for this year. Apple increased the prices of the iPhone 17 by 10% in Japan as the yen approaches a low not seen in four decades. Apple increased the prices of the iPhone 17 by 10% in Japan as the yen approaches a low not seen in four decades. The iPhone 17 is priced at ¥142,800 in Japan, an increase from the previous price of ¥129,800. Additionally, the prices of the Apple Watch and AirPods have increased by up to 10%. This comes after a separate price increase for Macs and iPads worldwide. Apple Music has increased its prices. Apple Music has increased its prices. Apple has recently increased the starting price for its music streaming service, which is now set at $11.99 in the United States.

Jensen Huang's leather jacket fetched $960,000 at Sotheby's, which is 96 times its original retail price.

Following 65 bids from 45 collectors, the signed Tom Ford jacket of Nvidia CEO Jensen Huang was sold for $960,000. The pre-sale estimate was between $40,000 and $60,000, while it has a retail price of $10,000.