While bidding for a lunch with Warren Buffett fell short of a record, $2.35 million is still a lot for a lunch with nine people – even in New York.
NEW YORK (CNNMoney) — It wasn’t a record, but $2,345,678 is still a lot of money for lunch with nine people — even if one of them is billionaire investor Warren Buffett.
The apparent winning bid in the 12th annual lunch with Buffett was announced Friday at a fundraising event in San Francisco. The winning bid was made Monday, when an anonymous bidder topped the previous offer by $100, resulting in the bid of sequential ascending numerals that held up for the remaining four days of bidding.
There were seven bids in the auction on eBay, with the first bid of $25,000 coming Sunday. Bidding ended at 10:30 p.m. ET Friday.
The winner will have lunch with the so-called “Oracle of Omaha” and up to seven guests of the winner’s choice at the Smith Wollensky steak house in New York City at a date to be determined.
The proceeds will go towards Glide, an organization that benefits poverty-stricken residents of the San Francisco Bay area.
“We do raise money, and money counts, so I urge people to unbutton their wallet, to pull out a check, to reach into the purse, whatever it takes, and contribute,” said Buffett, in a video on Glide’s website.
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Buffett said that he supports Glide because “they took the people that the rest of the world had forgotten, people who’d given up on themselves. And they felt that every human being had potential, no matter what their circumstance.”
Buffett, chairman of investment firm Berkshire Hathaway (Fortune 500), is a billionaire who is often courted for his investing expertise.,
He famously gave much of his wealth to another billionaire philanthropist: Microsoft (Fortune 500) co-founder Bill Gates, of the Bill Melinda Gates Foundation.,