A leather jacket worn by Nvidia CEO Jensen Huang sold for $1 million at Sotheby's. The jacket. Not a share of stock. Not an option contract. A f*cking jacket.
Collectors are bidding on AI artifacts now. That's the narrative. Some guy sat in a room and decided the residual sweat of a semiconductor executive was worth seven figures. He probably used his Robinhood gains from 2021. He definitely tells people at parties that he's "in tech."
The jacket went for just under a million. Just under. As if $999,000 is somehow the responsible price point. As if the buyer walked away thinking he got a deal because he didn't cross into seven digits. He'll frame it next to his NVDA shares and explain to houseguests that it's an investment in innovation. It's a jacket that smells like conference room air conditioning.
Jensen Huang wears the same black leather jacket to every keynote. It's his thing. His brand. And now some lunatic paid a million dollars to own one of them. Not even the one he wore during the ChatGPT announcement. Just a jacket. From the pile.
This is what happens when an entire asset class goes parabolic. People stop buying the stock and start buying the memorabilia. They want a piece of the story. A trophy. Something to prove they were there when AI changed everything. So they buy a jacket worn by a man who sells GPUs to data centers.
The auction house is thrilled. Collectors are thrilled. Jensen Huang probably doesn't give a sh*t because he has forty more in his closet. And you're reading this on your phone wondering if you should've held your NVDA calls longer. You should've bought the jacket instead. At least then you'd have something to show for it besides a tax loss.
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