Steve Jobs had his turtlenecks, Jensen Huang has his iconic leather jackets. Well, one less of them now, anyway. Famous auctioneer Sotheby’s put one of Huang’s jackets up for auction over the weekend, with estimates placing the value between $40,000 to $60,000.
However, the hammer price (after 65 bids) ended up being an astonishing $960,000—with the proceeds going towards young people’s futures (via Tom’s Hardware).
The auction was organized by Long Journey Ventures to benefit the Edge Institute, a non-profit that “convenes people working at the frontiers of tech, science, culture, and society in popup villages to live together and experiment towards a brighter future.”
“The proceeds will fund fellowships, grants, and residencies for the next generation of young builders to pursue their passions and projects, supporting them to find their higher purpose,” says the Sotheby’s page.