Date
21 September 2017
An anonymous bidder agreed to pay US$2.68 million for a chance to have lunch with legendary investor Warren Buffett, in a 5-day online auction that concluded on Friday. Photo: Reuters
An anonymous bidder agreed to pay US$2.68 million for a chance to have lunch with legendary investor Warren Buffett, in a 5-day online auction that concluded on Friday. Photo: Reuters

Warren Buffett lunch draws US$2.68 mln winning bid

An anonymous fan bid US$2.68 million in a charity auction to have lunch with billionaire US investor Warren Buffett, in an online auction that concluded Friday on eBay.

The final price in the annual charity auction was way below the last year’s winning bid of US$3.46 million, the Wall Street Journal noted.

As in years past, the winner can invite up to seven friends for lunch with Buffett at steakhouse Smith & Wollensky in New York. 

Last year’s lunch also went to an anonymous bidder.

Now in its 18th year, the annual auction for lunch with the Berkshire Hathaway chairman has raised more than US$25 million in total for San Francisco charity Glide, a favorite cause of Buffett’s first wife, Susie Buffett.

Glide offers free meals, health care and other services to homeless and low-income people in San Francisco.

This year’s auction opened on June 4 on eBay with an opening bid of US$25,000.

The winning price has held above US$1 million since 2008. The auction moved online in 2003, allowing international fans of Buffett to participate.

Past winners include a Chinese online gaming company and a Singaporean man named Andy Chua, the Journal noted.

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