Huang Renxun Wears Leather Jacket Himself, Photo Fetches $960,000, 16 Times the Highest Estimate

According to Perceptron Beating monitoring, a Tom Ford black leather jacket personally worn and signed by Huang Renxun was sold for $960,000 at a Sotheby's charity auction. Previously estimated at $40,000 to $60,000, the final price reached 16 times the high estimate.

Huang Renxun had worn this jacket at the 2023 Foxconn Technology Day. The authentication agency confirmed the origin of the garment through on-site photos, and the signature inside the leather jacket was also professionally certified.

The black leather jacket has become a prominent personal symbol for Huang Renxun. The auction was initiated by the venture capital firm Long Journey Ventures, and the proceeds will be donated to the Edge Institute, a non-profit organization that supports young entrepreneurs and researchers.