How Much Will Warren Buffett's Charity Lunch Fetch This Year?

by Deidre Woollard (RSS feed)
Jun 7th 2010 at 8:00PM

It's time once again for Warren Buffett to auction himself off for a good cause. Each June, Buffett heads to eBay to offer up a lunch for eight people to benefit the Glide Foundation, an organization that provides social services to the poor and homeless in San Francisco.

The lunch is up for bid on eBay until June 11, 2010 at 7:30 pm PDT. As usual Buffett will dine with the winning bidder and up to seven friends at Smith & Wollensky in New York. All bidders must pre-qualify and the opening bid is $25,000. Last year the auction brought in $1.68 million and Buffett has made as much as $2.1 million for Glide with this annual offer. The Wall Street Journal reports that past auctions have raised about $6 million in total for the foundation. On June 11 the last hour of bidding will be broadcast on a screen for the crowd at a fundraising dinner for the organization.

Tags: buffett lunch, ebay, glide foundation, warren buffett