Will Lunch With Buffett Bring The Big Bucks This Year?

by Deidre Woollard (RSS feed)
Jun 22nd 2009 at 10:01PM

The value of everything seems to be flexible in this economy and even the price of Warren Buffett might be lower. Buffett auctions off a lunch each year for charity. Last year, bidders were hungry for a meal with the billionaire, the winning bid was a record-setting $2.1 million. Will he get the same kind of return this year at a time when just about everything is priced lower? Or could the bidding go higher because in this economy we need all the good advice we can get and who better to ask than one of the greatest investment minds of our time? Who else can get a crowd of 35,000 to attend a shareholders meeting, those are rock star numbers.

Buffet's lunch benefits the Glide Foundation, an organization that provides social services to the poor and homeless in San Francisco. Like many other service groups, Glide has seen the needs for its services increase during the recession so Glide's founder, Rev. Cecil Williams is hoping for big numbers.

The winner and seven friends will dine at Smith and Wollensky in New York City. The auction closes Friday evening at 10 p.m. EDT and bids have already topped $50,000. The AP reports that last year's winner, Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund will be dining with Buffett on Wednesday, a meal that he calls "the chance of a lifetime."

Tags: charity, glide, warren buffett, WarrenBuffett

Filed under: Auctions, Charity, Big Givers

Source

Subscribe to these comments

Reader Comments (Page 1 of 1)

arleen Jun 30th 2009 12:08PM

how about giving my husband some lunch? he has parkinsons disease and we are broke with two kids. getting along with ssd doesnt help the situation either so a little cheer would be wonderful

arleen alvino Jun 30th 2009 12:13PM

isnt it nice when you are rich and have everything? my husband has parkinsons disease and would like someone to do something nice for him. he has a mediciaid spend down which is outrageous and 2 kids in college. be generous to us at least something

elsuzalueeza51 Jul 14th 2009 12:43PM

Dear Sir, I am in desperate need to pay my mortgage off with Beneficial Finance Co. The amount owed is 123,000. Also my taxes on the home are 2600.00 I would be very grateful for this relief in my life. Thankyou Susan

flowermom51 Aug 25th 2009 9:33PM

my husband worked for a machine shop 39 years and now he`s laid off. he tries every day to get a job. even on the internet.i have a lot of medical problems and this man always stands by me no matter what.37 years of marriage and 2 years of going steady ,all from a blind date. my husband deserves better and if i could help him like he has me ,what a joy that would be.some may say it`s sappy but i don`t care.i love him.why is there no one to help men like him? don`t stop giving to charities but what about the little people like my hubby and others.