Bids on lunch with billionaire Warren Buffett approach $500,000 as charity auction winds down
By APFriday, June 26, 2009
Buffett lunch auction wraps up Friday evening
OMAHA, Neb. — Whoever wins the charity auction to dine with billionaire Warren Buffett this year may get a bargain compared to the $2.1 million a Chinese investor paid last year.
The top bid on eBay early Friday afternoon was $475,100, but that is almost certain to grow before the auction ends Friday evening at 9 CDT because bidding typically heats up at the end.
Every year, Buffett auctions off one lunch and donates the proceeds to the Glide Foundation, which provides social services to San Francisco’s homeless and poor.
Buffett, who is Berkshire Hathaway’s chairman and chief executive, is primarily known for his investing success, but he’s also known for philanthropy. He plans to gradually give most of his $36 billion fortune to five foundations.
