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Nvidia CEO’s Jacket Fetches $960K, Funds Edge Institute

7/19/2026

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Summary

Story summary

Nvidia CEO Jensen Huang’s black Tom Ford jacket sold for $960,000 at a Sotheby’s auction in New York.
The sale drew 45 collectors, 65 bids, and fetched a price sixteen times the $40,000-$60,000 estimate.
James Spence Authentication verified signature by matching it to Huang at Hon Hai Tech Day in Taipei on Oct. 18 2023.
Proceeds will fund the Edge Institute, a nonprofit that offers fellowships, grants and residencies for emerging technologists.

History

Historical Context

The Apple I, first sold to Paul Terrell’s Byte Shop in 1976 after a $25,000 order for 50 assembled units, marked Apple’s commercial launch. Decades later, Sotheby’s auctioned Jobs’s original Apple I for $905,000 in 2014, echoing a growing market for historic tech artifacts that now fund ventures like the Edge Institute.

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Story summary

Nvidia CEO Jensen Huang’s black Tom Ford jacket sold for $960,000 at a Sotheby’s auction in New York.
The sale drew 45 collectors, 65 bids, and fetched a price sixteen times the $40,000-$60,000 estimate.
James Spence Authentication verified signature by matching it to Huang at Hon Hai Tech Day in Taipei on Oct. 18 2023.
Proceeds will fund the Edge Institute, a nonprofit that offers fellowships, grants and residencies for emerging technologists.

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