Annual Buffett Lunch Auction Bidding Hits $75,000

Tue, 23 Jun 2009 15:15:00 -0000

Each year around June, former World’s Richest Man Warren Buffett auctions off the opportunity to dine with him, and the well-heeled winners’ bids go straight to charity.

In the 6 previous years that Buffett has presented this opportunity, financiers and entrepreneurs keen to share his legendary market wisdom have handed over more than $4.2 million, primarily to Glide, a charity that supports San Francisco’s homeless community.

The 2006 lunch went for $610,000, while 2007’s fetched $650,000, and last year’s pre-market-collapse lunch cost the winner a record $2.1 million.

Just 2 days into the 2009 auction, hosted at eBay, slated to finish on Friday 26th, bidding has reached $75,000, comparable to the 2007 bidding. We’ll report back with the final result.

Buffett also eats other meals for charity, auctioning off his dinner company in 2007 in support of the James Redford Institute for Transplant Awareness.

In 2006 he sold his town car at charity auction to benefit Girls Inc. The vehicle sported his personalized “THRIFTY” license plate, but the real beneficiary of his thrift that year was the Bill and Melinda Gates Foundation, to which he pledged $37bn — the bulk of his fortune.

Buffett Auctions Celebrity Dinner For Charity

Sun, 04 Mar 2007 12:58:33 -0000

Written by Steve Purcell

Businessman and philanthropist extraordinare Warren Buffett is to auction off a meal with himself and celebrity friends.

A similar auction last year raised $620,000 for a business lunch with the world’s second richest man. The dinner now under auction will see the winner join Buffett, Robert Redford, musician Tim McGraw and actor James Denton of “Desperate Housewives” at the home of Buffett’s daughter Susie in Omaha, Nebraska.

The auction is taking place online at charityfolks.com, ending at 6pm on Monday 5th March. Proceeds will go to the James Redford Institute for Transplant Awareness, which advocates organ and tissue donation.

Look To The Stars News: James Redford Institute for Transplant Awareness

Annual Buffett Lunch Auction Bidding Hits $75,000

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