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At $1.59m, power lunch with Warren Buffett is basically a steal At $1.59m, power lunch with Warren Buffett is basically a steal
(about 2 hours later)
If you’re interested in having lunch with Warren Buffet, CEO of Berkshire Hathaway and the world’s third-richest man, you’re in luck. So far the bids for the annual charity lunch with the Oracle of Omaha have only gone up to $1.59m. At that price, the lunch is basically a steal.If you’re interested in having lunch with Warren Buffet, CEO of Berkshire Hathaway and the world’s third-richest man, you’re in luck. So far the bids for the annual charity lunch with the Oracle of Omaha have only gone up to $1.59m. At that price, the lunch is basically a steal.
For the 16th year in the row, Buffett is auctioning himself off for a charity lunch. The funds will be donated to Glide Foundation, which strives to mobilize communities to help break the cycles of poverty and marginalization.For the 16th year in the row, Buffett is auctioning himself off for a charity lunch. The funds will be donated to Glide Foundation, which strives to mobilize communities to help break the cycles of poverty and marginalization.
When the auction began on 30 May, the starting bid was $25,000. By Monday, the winning bid for the charity lunch was as much as $1m. In the following days, the bids have increased by just a few hundred thousand dollars. The bidding is set to close at 10.30 pm ET on Friday. When the auction began on 30 May, the starting bid was $25,000. By Monday, the winning bid for the charity lunch was as much as $1m. In the following days, the bids have increased by just a few hundred thousand dollars. The bidding is set to close at 10.30pm ET on Friday.
There’s still time, but the price of the Buffett buffet is still a bargain. Back in 2011, the bids reached $1.5m within the first 12 hours. Ted Weschler, who is now a portfolio manager at Berkshire Hathaway, won both the 2010 and 2011 auctions, paying more than $2.6 million each year. There’s still time, but the price of the Buffett buffet is still a bargain. Back in 2011, the bids reached $1.5m within the first 12 hours. Ted Weschler, who is now a portfolio manager at Berkshire Hathaway, won both the 2010 and 2011 auctions, paying more than $2.6m each year.
Related: Warren Buffett lunch auctioned for $3.46m – does that include tip?Related: Warren Buffett lunch auctioned for $3.46m – does that include tip?
In 2014, Andy Chua from Singapore paid $2,166,766 to have lunch with Buffett. It was the fourth biggest-ever winning bid. Since the bid was made just six minutes before the online auction ended, there is still hope that this years bids might bring in more than the current $1.59m.In 2014, Andy Chua from Singapore paid $2,166,766 to have lunch with Buffett. It was the fourth biggest-ever winning bid. Since the bid was made just six minutes before the online auction ended, there is still hope that this years bids might bring in more than the current $1.59m.
The most the auction brought in in the past 15 years was $3.46m, which was paid by an anonymous bidder in 2012.The most the auction brought in in the past 15 years was $3.46m, which was paid by an anonymous bidder in 2012.
It seems that Buffett’s wisdom might no longer be as in demand as it once was.It seems that Buffett’s wisdom might no longer be as in demand as it once was.
Yet the $1.59m bid is nothing to scoff at either. It still much higher than what Buffett was able to raise prior to the recession. In 2007, the lunch was sold for just $650,000. In 2005, it went for as little as $351,000.Yet the $1.59m bid is nothing to scoff at either. It still much higher than what Buffett was able to raise prior to the recession. In 2007, the lunch was sold for just $650,000. In 2005, it went for as little as $351,000.