The black leather jacket, originally estimated at $40,000 to $60,000, drew bids from 45 collectors and sold for 16 times the top estimate.
A Tom Ford black leather jacket worn and signed by Jensen Huang sold for $960,000 at a Sotheby’s charity auction yesterday, far above the auction house’s $40,000 to $60,000 estimate. Bidding from 45 collectors pushed the final price to 16 times the top estimate. Based on Sotheby’s high-end valuation, the sale represented a 1,500% premium. The source also notes that Nvidia’s expected price-to-earnings ratio was only about 6% to 20% above the S&P 500 over the same period, underscoring how sharply the auction result exceeded conventional market valuation benchmarks.