Let's do lunch
Posted: Sun Jun 10, 2012 12:03 am
The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million during a charity auction.
The annual auction for a private lunch with the Nebraska billionaire closed following a flurry of activity in the final hours Friday night. In the end, the highest bid was a record-breaking $3,456,789.
The auction benefits the Glide Foundation, which helps the homeless in San Francisco. Buffett has raised more than $11.5 million for the group in 13 past auctions. The event provides a significant portion of Glide's roughly $17 million annual budget that pays for social services to the poor and homeless.
"We just had a most amazing, shocking experience occur in our great city," Glide's founder, the Rev. Cecil Williams, said in a statement Friday night. "We are shouting, dancing, rejoicing and celebrating."
The organization said Friday's winner bidder wished to remain anonymous. Williams said 10 people actively engaged in bidding.
http://abcnews.go.com/US/wireStory/cost ... 9NTLpLCz8A