By Friday morning, 84 bids had been placed for the chance to eat lunch with Warren Buffett.
NEW YORK (CNNMoney) -- Well-heeled bidders are vying for the chance to eat lunch with legendary investor Warren Buffett in a charity auction set to pull in more than $500,000.
Proceeds from the annual auction will benefit Glide, an organization that works to alleviate poverty in the San Francisco Bay area. Over the last decade, Buffett has raised more than $11.5 million for the organization.
Starting at 10 p.m. ET on Friday, Glide's website and eBay page will live stream a countdown to the auction's close at 10:30 p.m. Buffett and eBay chief John Donahoe are expected to talk about Glide's charitable work.
Both of those record auctions were won by Ted Weschler, a former managing partner of Peninsula Capital Advisors. Buffett hired Weschler in September after sitting down for their $2.62 million meal in Omaha last summer.
The chairman and chief executive of Berkshire Hathaway (Fortune 500) will join the winner of this year's auction and seven friends for lunch at the Smith & Wollensky steakhouse in New York.,
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