glide

Will Lunch With Buffett Bring The Big Bucks This Year?

Filed under: Auctions, Charity, Big Givers

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."

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Tags: charity, glide, warren buffett, WarrenBuffett

Buffett Lunch Auction Ends

by Nicole Weston (RSS feed) —

Filed under: Auctions

The winning bid for lunch with Warren Buffett this year was $620,100. The bidding was all done by five individuals and the winner, whose eBay name is "fastisslow," will be able to take 7 friends to lunch with Buffett. All the proceeds of the auction, which was the second highest charitable auction ever on eBay, will all go to the Glide Foundation, a non-profit San Francisco group that provides services and food to the homeless.

The most expensive charity auction on eBay was for a celebrity-autographed Harley that sold for over $800,000, and the next most expensive was a lunch with Tiger Woods, which sold in 2001 for $425,000.

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Tags: auction, buffett, charity, ebay, glide, warren Buffett, WarrenBuffett