Warren Buffett auctions off a lunch date

@CNNMoneyInvest June 4, 2012: 5:56 PM ET
Bidders can win a lunch date with billionaire investor Warren Buffett in an auction that benefits the Glide foundation.

Bidders can win a lunch date with billionaire investor Warren Buffett in an auction that benefits the Glide foundation.

NEW YORK (CNNMoney) -- For the 13th year in a row, the opportunity to share a power lunch with billionaire investor Warren Buffett will go to the highest bidder.

The annual online auction for a chance to dine with Buffett began on Sunday evening. All bidders must be prequalified and prepared to shell out at least $25,000.

Proceeds from the auction benefit Glide, an organization that alleviates poverty in the San Francisco Bay area.

The opening bidder, who anonymously posted on the special eBay page on Monday morning, came in at the minimum entry with $25,000. Last year's anonymous winner pledged $2,626,411, topping the $2.6 million record set in 2010.

The winner and seven friends will have the chance to break bread with the chairman and chief executive of Berkshire Hathaway BRKA (BRKA, Fortune 500) at Smith & Wollensky in New York. Over the last decade, Buffett has raised more than $11.5 million for Glide, which he called "maybe the most effective organization...for people down on their luck."

"They took the people that the rest of the world would have forgotten, people who had given up on themselves. And they felt every human being had a potential, no matter what their circumstances," he said.

Bidding will continue until Friday at 10:30 p.m. ET. To top of page

Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.