Author Topic: Lunch With Warren Buffett Sells for $2.63 Million on eBay  (Read 515 times)

SAMSON123

  • Getbig V
  • *****
  • Posts: 8670
Lunch With Warren Buffett Sells for $2.63 Million on eBay
« on: June 12, 2010, 08:02:41 PM »
Laughing...as I want to believe that people are not stupid enough to believe the Warren Buffet will tell them something that will make them FILTHY RICH. I could have told them something that would have made them 2.63 million right away? and that is don't pay 2.63 million to have lunch with Warren Buffet, because you will get nothing out of it.

Warren Buffett Lunch Sells for $2.63 Million on eBay
by Elinor Comlay and Jonathan Stempel
Friday, June 11, 2010provided byReuters

A bidder has agreed to pay $2.63 million for a steak lunch with the billionaire investor Warren Buffett in a charity auction held on eBay Inc's website.

The highest bid in the 11th annual auction topped the previous record $2.11 million paid in 2008 by Zhao Danyang, a Hong Kong investor. Wealth manager Salida Capital Corp of Toronto won with a $1.68 million bid in 2009.

The identity of the winning bidder could not immediately be determined after bidding closed Friday night.

[Click here to check savings products and rates in your area.]

EBay was not immediately available for comment. Berkshire Hathaway Inc, Buffett's insurance and investment company, did not immediately return a request for comment.

Popular Stories on Yahoo!:

• How to Start Building Your Nest Egg

• Industries Where Hiring is Heating Up

• Sites Offer Big Bucks for Used iPhones
More from Yahoo! Finance

The winner and up to seven friends will dine with the world's third-richest person at the Smith & Wollensky steakhouse in midtown Manhattan. Smith & Wollensky is also donating $10,000.

As in his increasingly frequent television appearances, Buffett will talk about pretty much anything apart from what he is buying and selling.

Proceeds benefit the Glide Foundation, a San Francisco non-profit organization offering meals, healthcare, child care, housing and job training for the poor and homeless. Glide is also known for lively Sunday morning services that include gospel music.

Buffett began auctioning the lunches in 2000 after his first wife Susan introduced him to Glide and its founder, the Rev. Cecil Williams.

In a Friday interview, Williams said the auction was critical to Glide because the economy has caused donations to fall 20 percent this year, while demand for Glide's services was up 30 percent. Glide's annual budget is about $17 million.

The auction began on Sunday night, and the top bid rose from $1.8 million in the last hour. Nine bidders made a total of 77 bids. Entering Friday, the highest bid had been $900,100, according to eBay.

"I'm jumping for joy. There's no doubt about it," Williams, 80, said after the high bid had topped $1.5 million. "Warren Buffett understands Glide and he supports Glide. I said to him a week-and-a-half ago, 'You're such a good person,' and he laughed and said, "Well you know, I'm trying, I'm trying.'"

The 10 prior auctions had raised more than $5.9 million. The first three were live, with top bids ranging from $25,000 to $32,000, according to Glide.

Buffett, 79, built an estimated $47 billion fortune running Omaha, Nebraska-based Berkshire, which operates about 80 businesses and has tens of billions of dollars of investments.

In 2006, Buffett pledged most of his wealth to the Bill & Melinda Gates Foundation and four family charities. Bill Gates, a Microsoft Corp co-founder, is a Berkshire director.

Susan Buffett died in 2004. Warren Buffett remarried two years later on his 76th birthday.

The following are winners of the Glide auction since bidding moved online:

2003 -- David Einhorn, Greenlight Capital, $250,100

2004 -- Jason Choo, $202,100

2005 -- Anonymous, $351,100

2006 -- Yongping Duan, $620,100

2007 -- Mohnish Pabrai, Guy Spier, $650,100

2008 -- Zhao Danyang, Pureheart China Growth Investment Fund, $2,110,100

2009 -- Salida Capital Corp, $1,680,300
C

pedro01

  • Getbig V
  • *****
  • Posts: 4800
  • Hello Hunior
Re: Lunch With Warren Buffett Sells for $2.63 Million on eBay
« Reply #1 on: June 12, 2010, 08:29:21 PM »
I wonder how much he'd get for his used underwear ?

24KT

  • Getbig V
  • *****
  • Posts: 24454
  • Gold Savings Account Rep +1 (310) 409-2244
Re: Lunch With Warren Buffett Sells for $2.63 Million on eBay
« Reply #2 on: June 12, 2010, 10:07:05 PM »
on the contrary... all an investor has to do is let it be known that he was able to get some private one-on-one face time with the Oracle, and s/he will have carte blanche to push any type of investment they chose... probably even a consolidated collateralized debt obligation packaged alongside a few default swap derivatives  :D  Are you confused? It doesn't matter...  when Warren and I were having lunch...
w

Emmortal

  • Getbig V
  • *****
  • Posts: 5660
Re: Lunch With Warren Buffett Sells for $2.63 Million on eBay
« Reply #3 on: June 12, 2010, 10:08:31 PM »
"a charity auction"

I guess you missed that part.

Eyeball Chambers

  • Getbig V
  • *****
  • Posts: 14348
  • Would you hold still? You're making me fuck up...
Re: Lunch With Warren Buffett Sells for $2.63 Million on eBay
« Reply #4 on: June 13, 2010, 12:50:19 AM »
"a charity auction"

I guess you missed that part.
^
S

SAMSON123

  • Getbig V
  • *****
  • Posts: 8670
Re: Lunch With Warren Buffett Sells for $2.63 Million on eBay
« Reply #5 on: June 13, 2010, 05:07:43 AM »
"a charity auction"

I guess you missed that part.

Did Warren contribute anything to this charity?...

I don't praise a person for their holdings, trappings or accounts, but rather what the person does with them. Warren Buffet only contributes to things he will get a greater return from...so in all honesty is he really contributing?

BTW Since he has invested himself in the Bill and Melinda Gates population Reduction Program is he really someone you want to sit down to have lunch with?
C