No Free Lunch... Buffett Lunch Approaching $1M (BRK-A, EBAY)

Investing

Published: June 10, 2010 4:18 pm

Last Updated: April 28, 2020 2:47 am

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

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