Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Buffett lunch auction bids exceed $2 million

@CNNMoney June 7, 2011: 8:19 AM ET
Buffett auction bids exceed $2.3 million for lunch

Warren Buffett, shown here at the 'Too Big to Fail' movie premiere in New York on May 16, has raised more than $2.3 million for his annual fundraising power lunch.

NEW YORK (CNNMoney) -- Bidding on Warren Buffett's auction of an annual fundraising power lunch easily eclipsed $2 million by Tuesday, with four days of bidding yet to go.

A special eBay page began accepting bids Sunday. The opening bid was $25,000, and after seven bids the going price reached $2,345,678 by Tuesday morning.

At the current pace, the bidding could exceed last year's record of $2.6 million.

The winner buys the opportunity to have lunch with Buffett, and up to seven guests of the winner's choice, at the Smith & Wollensky steak house in New York. The proceeds will go towards Glide, an organization that benefits poverty-stricken residents of the San Francisco Bay area.

The curse of being 'the next Warren Buffett'

Buffett, chairman of investment firm Berkshire Hathaway (BRKA, Fortune 500), is a billionaire and philanthropist who famously gave much of his wealth to another billionaire philanthropist: Microsoft (MSFT, Fortune 500) co-founder Bill Gates, of the Bill & Melinda Gates Foundation.

Bidding will continue until Friday at 10:30 p.m. ET.

The timing of the lunch is agreed upon by Buffett and the winning bidder. To top of page

  • -->