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
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
