(Reuters) - Warren Buffett's annual auction to benefit a San Francisco charity has drawn a bid of more than $1 million, surpassing last year's top offering, with a day of bidding remaining for a chance to eat lunch with the billionaire investor.
After less than two days, bidding for lunch with Warren Buffett has blown past the $610,000 someone paid in a charity auction last month for coffee with Apple CEO Tim Cook. The top bid for a steak lunch with Buffett is now just above $700,000 and will almost certainly go much higher before the 14th annual "Power Lunch" auction ends Friday night at 10:30 p.m. ET.
Investing legend Warren Buffett, the founder of Berkshire Hathaway, is on CNBC with Becky Quick. We're live blogging what the "Oracle of Omaha" is saying following today's charity lunch at Smith & Wollensky he auctioned off on eBay to benefit the Glide Foundation in San Francisco. To date, he has raised $15.6 million with his annual lunch auction. The conversation began with today's Coke news. Buffett said that he abstained from today's shareholder vote on Coca-Cola's executive equity compensation plan.
(Reuters) - A typical lunch at a high-end Manhattan steakhouse for nine people might run $1,000 or so, but when Warren Buffett is the guest of honor the price can rise to $3.46 million. That is how much an as-yet unknown bidder paid in the annual online charity auction for the right to lunch with the "Oracle of Omaha" and seven friends at the Smith & Wollensky steakhouse in Manhattan. The proceeds were up compared to last year, when fund manager Ted Weschler bid $2.63 million to have lunch with Buffett. ...