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Nvidia CEO's Leather Jacket Fetches $960K at Sotheby's

market-auction · 2026-07-20

At Sotheby's, Jensen Huang's leather jacket fetched $960,000, significantly surpassing its high estimate of $60,000 by 15 times. Proceeds from the auction will support the Edge Institute, a nonprofit organization established by venture capitalists that facilitates pop-up communities for technology, science, culture, and societal experiments. In a profile by Le Monde, Bernard Arnault, the chairman of LVMH, is portrayed as a frugal monarch besieged by family conflicts and sycophants. Meanwhile, Leon Black, who denied being friends with Jeffrey Epstein during a June congressional hearing, is expected to submit NDAs to the House Oversight Committee and has an interview scheduled for September 3. In Venice, 300 protesters clashed with riot police over Tilman Fertitta's $450 million superyacht, Boardwalk, during the Redentore festival. Fertitta, a Trump supporter and U.S. ambassador to Italy, is on a diplomatic tour. Demonstrators brandished signs reading 'Venice is not for sale' and threw pool toys at law enforcement. Lastly, Alyce Mahon's book, 'Dorothea Tanning: A Surrealist World,' redefines the artist's role in the postwar growth of Surrealism, with a launch event planned for Thursday at Alison Jacques in London.

Key facts

  • Jensen Huang's leather jacket sold for $960,000 at Sotheby's, 15 times its high estimate of $60,000.
  • Proceeds benefit the Edge Institute, a VC-founded nonprofit.
  • Bernard Arnault profiled in Le Monde as miserly king and wounded patriarch.
  • Leon Black denied friendship with Jeffrey Epstein in congressional hearing transcripts.
  • Black must hand over NDAs to House Oversight Committee; interview set for September 3.
  • 300 protesters clashed with police in Venice over Tilman Fertitta's superyacht Boardwalk.
  • Fertitta is U.S. ambassador to Italy and a Trump ally.
  • Book 'Dorothea Tanning: A Surrealist World' by Alyce Mahon launches at Alison Jacques in London.

Entities

Artists

Institutions

Locations

  • Venice
  • Italy
  • Madrid
  • Spain
  • London
  • UK
  • Paris
  • France

Sources