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Money Lunch with Warren Buffett sells for $3.3 million at auction

04:55  04 june  2018
04:55  04 june  2018 Source:   nydailynews.com

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A private lunch with Warren Buffett drew more than $ 3 .4 million from an anonymous bidder Friday, with proceeds benefiting a San Francisco charity. The idea for the auction was conceived by the billionaire investor's late wife, Susie Buffett .

(Reuters) - An anonymous fan of Warren Buffett agreed to pay ,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc. Buffett has held 18 annual auctions for Glide, raising about . 3 million .

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There are no free lunches — and that goes double when Warren Buffett is at the table.

An anonymous bidder paid more than $3.3 million (£2.5million) Friday for a private meal and meaty conversation with the venerable billionaire investor and philanthropist.

When the bidding was over in the week-long eBay auction Friday, the winning offer was a whopping $3,300,100.

Warren Buffett wearing a suit and tie© Nati Harnik / AP

It’s a lot of dough. But it actually falls short of the record sum paid during the 18 years that Buffett has participated in the annual auction for a good cause.

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Buffett ’s annual online auction is underway to benefit the Glide Foundation’s work helping the homeless in San Francisco. Warren Buffett charity lunch sells for .68 million .

The opportunity to have dinner with the legendary investor Warren Buffett is a great expense. An anonymous donor bids the chance for 3 . 3 million dollars, equivalent to over 12 million zlotys. All funds will go to the charitable foundation. Auction lunch with the investor ended on Friday

In both 2012 and 2016, the top bid was $3,456,789 — a sum that holds the record as being the most expensive charity items ever sold on eBay.

Bidding for this year’s auction started May 27. By Wednesday morning, the top bid was $2.9 million kept escalating. A total of 136 bids were made.

a screenshot of a social media post© Provided by Trinity Mirror Shared Services Limited

The money raised at auction benefits Glide, a San Francisco-based charity provides meals, health care, job training, rehabilitation and housing support to the poor and homeless. Buffett has raised more than $26 million for the organization through nearly two decades of annual auctions,

Buffett, 87, became aware of the organization and its good works through his first wife, Susie, who volunteered for Glide.

"Glide really takes people who have hit rock bottom and helps bring them back. They've been doing it for decades," Buffett said. “They’ve been doing it for decades. If I can help out by raising some money for them, then I enjoy doing it.”

The auction winner gets to bring seven friends to a lunch with Buffett at Smith & Wollensky steakhouse in New York.

As they tuck into the carnivore palace’s NY Cut Sirloin, Colorado Rib Steak and other dishes, diners can ask Buffett about any topic they like. Except one: What’s his next investment.

Chinese vase found in attic sells for 16.2 million euros .
An 18th-century Chinese vase forgotten for decades in a shoe box in a French attic sold for 16.2 million euros ($AU23.3 million) at Sotheby's in Paris.Experts at the auction house said the exquisite porcelain vessel was made for the Qing dynasty Emperor Qianlong and had set a guide price of a much more modest 500,000 euros ($AU776,455).

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