Warren Buffett, the next Willy Wonka?

The billionaire is auctioning a private 'all-you-can-eat' tour of a See's Candies factory.

By Kim Peterson Jul 29, 2013 1:03PM
File photo of Warren Buffett on the NBC News' 'Today' show on November 27, 2012 (© Peter Kramer/NBC/NBC NewsWire via Getty Images)Quick, someone get Warren Buffett a team of oompa-loompas. The Berkshire Hathaway (BRK.A) chief is auctioning off a tour of the See's Candies factory in Los Angeles.

All he needs are a top hat, a series of golden tickets and one hallucinogenic and completely terrifying boat tunnel.

In reality, the winner will get half a day of Buffett's time, a lesson on the proper way to eat a bonbon and the chance to put away untold numbers of calories. See's doesn't normally give public tours of its plants.

Seven bidders have made a claim on the event, raising the bid to $32,500 by midday Monday. The auction closes Aug. 13.

Buffett is participating in the auction to raise money for Communities in Schools of Los Angeles, a charity aimed at reducing the number of high school dropouts nationwide. Other prizes at the high-profile auction include lunches with Disney (DIS) CEO Bob Iger, Whole Foods Market (WFM) co-CEO John Mackey and Twitter co-founder Biz Stone.

Berkshire Hathaway has owned See's Candies since 1972.

Buffett has called See's a "dream business," according to CNN. Here are five quick facts about See's from a CNN profile:
  • Sales were just $376 million in 2011, but $83 million of that was profit.
  • See's is expanding east of Chicago to Florida, Pennsylvania and Washington, D.C.
  • Charles See designed the first See's shop to look like the kitchen of his widowed mother. The store opened in 1921 in Los Angeles.
  • See's has very little overhead and doesn't change much from year to year. But it does raise prices by up to 5% each year.
  • Buffett's favorite See's product is the chocolate lollipop.

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8Comments
Jul 29, 2013 5:14PM
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Justified,

Once you learn how to spell maybe you will be taken more seriously. There are these things called computers where you can have your spelling checked and learn other facts as opposed to your uninformed opinions.

You may also want to check your "Caps Lock" button.

Jul 29, 2013 5:38PM
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Also to Justified, the correct spelling is "Economist" and "Manipulate."

Now, my question is... who would believe you anything when you cannot even spell correctly?

 

Trod carefully will you?

Jul 29, 2013 5:39PM
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Correction... who would believe you know anything.....
Jul 29, 2013 7:48PM
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Thanks to windows 8 for not flagging econamist and monipulat. If that's all you can pick on than allow me to inform you that I have more than 30 pages of news articles prepared that will blow your minds. I'm just trying to help those who are going through life with blinders on. You need to wake up before we are all peasants standing out side the castle walls of the KING AND HIS COURT begging for a bite to eat. That time is when the middle class is completely gone. When the minimum wage goes up you will see prices so far out there only the rich will be able to afford it because their only concern is more money. CEO's are never going to take pay cuts and the cost of the governments wage and retirement plans are the reason they can't pass a budget. (1 -3 TRILLION DOLLARS IS WERE IT IS AT RIGHT NOW.) Tell me I don't know what I taking about, I can prove all of this.
Jul 29, 2013 6:37PM
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Go F...Yourself Warren .   Your such a suck **** to the govt.  Who the hell would bother with you at a choc factory in LA.  Buy Hershey.... Hey sell a night in the Lincoln room instead.  You gots em them all kissing up !  Your a fake.  BTW  sell the rail roads before fracking kills the railroad  right boy?   Go pipeline go !!

Your a Midwest Ohaha embarrassment. Go get a dilly bar

Jul 29, 2013 6:10PM
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Does he have his bib on?  When they were their bibs, they tend to be very tricky!  And how is his walk in my shoes friend, Caroline Kennedy?  My in laws taught me about the buffet, yup they are of russian decent, in Colonie, New York.
Jul 29, 2013 4:05PM
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Warren Buffett is the head of the snake. This guy has leaked more insider trading info to his government and CEO friends he should be hung. He is the FINANCIAL GURU.

 

THE VICIUOS CIRCLE

THE AMERICAN DREAM, WHERE LAWYERS, ECONOMIST AND FINANCIAL GURU’S MANIPULATE THE STOCK MARKET SO THE RICH GET RICHER TO FINANCE POLITICIANS WHO PASS LAWS TO PROTECT THOSE WHO FINANCE THEIR ELECTIONS.

The Bilderberg Group

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