A car owned by Warren Buffett proved to be an example of the Sage of Omaha’s investment savvy when it was sold in an online auction for US$122,500, about 10 times its estimated worth.
Buffett put the 2006 Cadillac DTS for sale on the website Proxibid, saying the money would be donated to Girls Inc. of Omaha, one of his favorite charities, AP reported.
The car, valued at about US$12,000, went for a final bid of $122,500 Thursday, the Omaha-based auction website said. The buyer’s name was not disclosed.
The metallic beige sedan has just 20,310 miles on it — and Buffett’s autograph on the dashboard. He has offered to hand over the keys personally to the winning bidder if that person is willing to travel to Omaha to pick up the car.
Girls Inc. of Omaha provides educational, cultural and recreational programs for young women.
In 2006, Buffett auctioned his 2001 Lincoln Town Car to support the organization. It fetched over US$70,000.
He donated his wallet — more than 20 years old but containing a stock tip — in 1999, bringing in more than US$200,000 to Girls Inc.
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