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Investing

Lunch Bill With Warren Buffett Now Above $600,000

Photo of Jon C. Ogg
By Jon C. Ogg Published
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Warren Buffett
White House Photo by Pete Souza
Earlier this week we noted how Warren Buffett’s annual luncheon auction was off to a strong start. In mid-afternoon on Monday, the luncheon was bid up at just over $350,000. Now in mid-Wednesday afternoon, the bidding has eclipsed the $600,000 mark.

The proceeds are not for Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A). They are for the GLIDE Foundation. The question to ask is what a lunch with one of the wealthiest men on the planet is worth, AND if it is worth it. Not too many people get to have lunch with Warren Buffett — ditto for lunch and breakfast.

eBay now shows that the auction has fetched some 59 bids, and the top bid is now $600,100.00. The official bidding ends on June 6, 2014, at 7:30 p.m. Pacific Time.

Bidding in 2013 ended at a somewhat disappointing $1,000,100 for lunch with Buffett. Still, prior years had seen much higher results above $2 million. The highest the auction has hit in any year was north of $3.45 million back in 2012.

ALSO READ: Warren Buffett’s Highest Yielding Dividend Stocks

As we have reminded our readers, not all these luncheons are just charity for those who have lunch with, Buffett. He hired two-time auction winner Ted Weschler as a portfolio manager for Berkshire Hathaway.

A bid history on eBay is offered below, and of course this shields the bidders’ real names:

Member Id: s***l( 1 )     US $600,100.00
Jun-03-14 23:22:41 PDT

Member Id: r***1( 2 )     US $600,000.00
Jun-03-14 21:02:19 PDT

Member Id: s***l( 1 )     US $600,000.00
Jun-03-14 23:22:27 PDT

Member Id: s***l( 1 )     US $500,100.00
Jun-03-14 23:22:15 PDT

Member Id: r***1( 2 )     US $500,000.00
Jun-01-14 20:14:21 PDT

Member Id: s***l( 1 )     US $500,000.00
Jun-03-14 23:21:57 PDT

Member Id: s***l( 1 )     US $400,000.00
Jun-03-14 23:21:36 PDT

Member Id: s***l( 1 )     US $380,000.00
Jun-03-14 23:21:22 PDT

Member Id: s***l( 1 )     US $375,000.00
Jun-03-14 15:26:25 PDT

Member Id: m***a( 0 )     US $370,000.00
Jun-03-14 00:31:09 PDT

Member Id: m***a( 0 )     US $358,600.00
Jun-03-14 00:30:43 PDT

Member Id: m***a( 0 )     US $358,400.00
Jun-03-14 00:30:37 PDT

Member Id: m***a( 0 )     US $358,200.00
Jun-03-14 00:30:31 PDT

Member Id: m***a( 0 )     US $358,000.00
Jun-03-14 00:30:25 PDT

Member Id: m***a( 0 )     US $357,800.00
Jun-03-14 00:30:15 PDT

Member Id: m***a( 0 )     US $357,600.00
Jun-03-14 00:30:09 PDT

Member Id: m***a( 0 )     US $357,400.00
Jun-03-14 00:30:03 PDT

Member Id: m***a( 0 )     US $357,200.00
Jun-03-14 00:29:58 PDT

Member Id: m***a( 0 )     US $357,000.00
Jun-03-14 00:29:50 PDT

Member Id: m***a( 0 )     US $356,800.00
Jun-03-14 00:29:43 PDT

Member Id: m***a( 0 )     US $356,600.00
Jun-03-14 00:29:25 PDT

Member Id: m***a( 0 )     US $356,400.00
Jun-03-14 00:29:18 PDT

Member Id: m***a( 0 )     US $356,200.00
Jun-03-14 00:29:12 PDT

Member Id: m***a( 0 )     US $356,000.00
Jun-03-14 00:28:52 PDT

Member Id: m***a( 0 )     US $355,800.00
Jun-03-14 00:28:41 PDT

Member Id: m***a( 0 )     US $355,600.00
Jun-03-14 00:28:35 PDT

Member Id: s***h( 1 )     US $355,000.00
Jun-02-14 14:08:29 PDT

Member Id: j***w( 0 )     US $350,200.00
Jun-02-14 05:47:01 PDT

Member Id: a***k( 0 )     US $350,000.00
Jun-02-14 03:32:44 PDT

Member Id: a***k( 0 )     US $300,000.00
Jun-02-14 03:24:10 PDT

Member Id: a***k( 0 )     US $195,000.00
Jun-02-14 03:19:43 PDT

Member Id: a***k( 0 )     US $191,000.00
Jun-02-14 03:19:25 PDT

Member Id: a***k( 0 )     US $190,500.00
Jun-02-14 03:18:39 PDT

Member Id: a***k( 0 )     US $190,000.00
Jun-02-14 03:14:12 PDT

Member Id: a***k( 0 )     US $180,000.00
Jun-02-14 03:13:59 PDT

Member Id: a***k( 0 )     US $170,000.00
Jun-02-14 03:13:50 PDT

Member Id: a***k( 0 )     US $165,000.00
Jun-02-14 03:13:40 PDT

Member Id: a***k( 0 )     US $159,000.00
Jun-02-14 03:13:24 PDT

Member Id: a***k( 0 )     US $158,000.00
Jun-02-14 03:13:11 PDT

Member Id: a***k( 0 )     US $157,000.00
Jun-02-14 03:12:56 PDT

Member Id: a***k( 0 )     US $156,500.00
Jun-02-14 03:12:37 PDT

Member Id: a***k( 0 )     US $156,000.00
Jun-02-14 03:12:03 PDT

Member Id: a***k( 0 )     US $155,000.00
Jun-02-14 03:11:20 PDT

Member Id: 1***e( 8 )     US $151,100.00
Jun-02-14 01:44:49 PDT

Member Id: 1***e( 8 )     US $140,000.00
Jun-02-14 01:34:53 PDT

Member Id: 1***e( 8 )     US $125,000.00
Jun-02-14 01:33:58 PDT

Member Id: m***a( 0 )     US $102,000.00
Jun-01-14 23:25:19 PDT

Member Id: m***a( 0 )     US $101,400.00
Jun-01-14 23:24:56 PDT

Member Id: m***a( 0 )     US $101,200.00
Jun-01-14 23:24:30 PDT

Member Id: 1***e( 8 )     US $101,000.00
Jun-01-14 19:31:29 PDT

Member Id: s***h( 1 )     US $90,000.00
Jun-01-14 20:03:39 PDT

Member Id: s***h( 1 )     US $75,000.00
Jun-01-14 20:02:01 PDT

Member Id: s***h( 1 )     US $50,000.00
Jun-01-14 20:01:45 PDT

Member Id: s***h( 1 )     US $35,000.00
Jun-01-14 20:01:30 PDT

Member Id: s***h( 1 )     US $28,000.00
Jun-01-14 20:01:16 PDT

Member Id: i***2( 0 )     US $26,000.00
Jun-01-14 19:41:03 PDT

Member Id: i***2( 0 )     US $25,500.00
Jun-01-14 19:40:52 PDT

Member Id: i***2( 0 )     US $25,300.00
Jun-01-14 19:40:41 PDT

Member Id: i***2( 0 )     US $25,100.00
Jun-01-14 19:40:26 PDT

Starting Price    US $25,000.00
Jun-01-14 19:30:28 PDT

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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