Jun 22 2009
Bid for Lunch with Buffett
Online Auction for Lunch with Warren Buffett
The time has come for the annual Warren Buffett Lunch Auction again. Once a year the Oracle of Omaha aka Warren Buffett auctions off the right to have lunch with him and pick his highly knowledgeable brains about the stock market, stocks and shares and the like. Last year the winning bidder was Mr Zhao Danyang from Pureheart China Growth Investment Fund in Hong Kong, who bid $2.1 million for the privilege of allowing himself and 7 friends to have lunch with Warren Buffett.
He still hasn’t had his lunch yet but he said “I am looking forward to enjoying lunch with Warren Buffett. This is truly the chance of a lifetime.”
Will the bidding reach the same giddy heights this year, maybe maybe not we are in the middle of an eeconmic crisis after all.
Bidding for the lunch starts online at $25,000 next Sunday. The proceeds will go to the Glide Foundation, which provides help to the poor and homeless in San Francisco. The auction is scheduled to close on Friday evening at 10 p.m. EDT.
Warren Buffett is known not only for being a great investor and his long-term stock trading philosophy, but also now for being a great philanthropist. He recently announced he will be donating most of his $40 billion fortune to charity, mainly the Bill and Melinda Gates Foundation.
The winner of this year’s auction and his seven friends will lunch with Buffett at the Smith and Wollensky restaurant in New York, which has also contributed $10,000 to Glide.
