Bidding on Buffett power lunch tops $350,000
The annual charity auction for a meal with the billionaire at Smith & Wollensky is accepting bids until Friday evening.
Bidding on the 15th annual charity power lunch with Berkshire Hathaway's (BRK.A) chairman had reached $350,300 Monday afternoon, with 33 bids vying for the chance for a meal with the billionaire investor. The auction was listed Sunday evening on eBay and will end Friday, June 6, at 7:30 p.m. PT. Potential bidders have to pre-qualify.
All proceeds will benefit GLIDE, a San Francisco church charity that provides meals and social services, which was supported by Buffett’s first wife for several years.
Over the past 15 years, the lunch auction has helped raise nearly $16 million for GLIDE. This year, Smith & Wollensky will donate $10,000 to GLIDE just for the privilege of providing the food.
Buffett himself has called GLIDE "maybe the most effective organization I've seen for people down on their luck. It takes people who have hit bottom and brings them back."
Many eyes will be zeroing in on how much this year's lunch raises. As far as the charity world is concerned, the 2013 auction was somewhat of a disappointment, not to mention a cheap-ish date for Buffett. The winner paid just over $1 million -- the lowest amount since $650,100 in 2007 and a huge drop from the $3.45 million paid by the 2012 luncher. Winning bids have ranged from $25,000 to that $3.45 million over the auction’s history.
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