On Sunday, June 1, the annual Buffett lunch auction began and immediately went off to a great start. By Monday during mid-afternoon, the bid had already surpassed the $350,000 mark. It’s now past mid-afternoon on Wednesday, and the bidding has already surpassed the $600,000 point.
All of the auction proceeds will not benefit Berkshire Hathaway or Warren Buffett in any way. The proceeds are for San Francisco’s Glide Foundation. The foundation benefits from all proceeds.
You need to begin asking yourself what is it worth to have lunch with the billionaire investor Warren Buffett. Is it worth it for you? Most people do not have the opportunity to sit down and eat a meal with Buffett, whether it’s breakfast, lunch or dinner.
The auction on eBay currently has over 59 bids, and at the time of this writing the current bid is $600,100. The bidding officially ends on June 6 at 7:30 PM Pacific daylight time.
The 2013 auction ended on a disappointing note, and the lunch with Buffett only went for $1,000,100. In previous years, the auction has seen much higher results and typically goes for over $2 million. In 2012, the auction went for $3.45 million. This was the highest amount ever.