Nvidia CEO Jensen Huang has turned the black leather jacket into an instantly recognizable piece of tech-world iconography.I-Hwa Cheng/AFP; Sotheby's The leather jacket has become a staple of Nvidia CEO Jensen Huang's closet.Sotheby's is auctioning off one that was worn and signed by the Nvidia CEO himself.The proceeds will go toward grants, fellowships, and residencies for next-generation founders.Jensen Huang superfans: If you have at least $40,000 to spare, you have a shot at owning a valuable piece of hardware from the Nvidia CEO that isn't a chip. Starting July 7, Sotheby's will begin accepting bids on one of Huang's black leather jackets, a Tom Ford piece autographed by the CEO himself. The auction house estimates that the jacket will fetch $40,000 to $60,000. That's roughly the reported price of Nvidia's highly sought-after Blackwell AI chip. Jensen Huang was seen wearing this Tom Ford leather jacket at a tech conference in Taipei, according to an authenticator.Sotheby's A spokesperson for Sotheby's said the jacket will remain on display at Sotheby's New York until July 16. The sale will close on July 17. Like Steve Jobs with his signature black turtleneck, Huang turned his black leather jacket into a highly recognized piece of tech-world iconography as Nvidia has become a dominant force in the AI boom. The Nvidia CEO has been spotted in it for product launches and developer conferences, as well as on his trips abroad to countries like South Korea and Taiwan, where humidity makes a leather jacket a true commitment. Sotheby's said the jacket was photo-matched by Professional Sports Authenticator, a popular grading company, to the CEO's appearance at Hon Hai Tech Day in Taipei on October 18, 2023. Jensen Huang wore the Tom Ford jacket during his talk at Hon Hai Tech Day in Taipei.I-Hwa Cheng/AFP via Getty Images His signature was authenticated by James Spence Authentication, according to Sotheby's. The auction house said the sale was organized by Long Journey, an early-stage venture fund, for charity. The proceeds will go to a nonprofit called The Edge Institute and fund fellowships, grants, and residences for next-generation builders, the auction house said. Spokespeople for Tom Ford and Nvidia did not respond to a request for comment. Read the original article on Business Insider