Investing
No Free Lunch... Buffett Lunch Approaching $1M (BRK-A, EBAY)
Published:
Last Updated:
Berkshire Hathaway Inc. (NYSE: BRK-A) is known for its giving back, or at least Warren Buffett is. Each year Buffett auctions off a luncheon at Smith & Wollensky in New York for the winner of an online charity auction. The auction on Ebay Inc. (NASDAQ: EBAY) has seen 45 bids as of 4:00 PM EST and is currently at $900,100.00 after having started on June 6 at $25,000.00.
The auction late year went for almost $1.7 million, with the bulk of that above-$1 million coming on the final day; the record was over $2 million back in 2008. All proceeds go to the Glide Foundation, and the proceeds are donated by Buffett himself rather than by Berkshire Hathaway.
As a reminder, not just anyone can bid on this. eBay notes “This listing is restricted to pre-approved buyers only. Email the seller to be placed on that pre-approved list. ”
No free lunch here…
JON C. OGG
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
