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Lunch With Buffett Sells for 'Only' $1M

That's a big drop from his previous charity auctions
By Newser Editors and Wire Services
Posted Jun 8, 2013 11:40 AM CDT

(Newser) – The annual charity auction of a private lunch with billionaire investor Warren Buffett went for just more than $1 million—a bargain price compared to past years for an opportunity to sit down with one of the world's most successful philanthropists. An anonymous donor had the high bid of $1,000,100 when the bidding ended last night on eBay. The private audience with Buffett drew bids of more than $2 million in each of the past five years, including last year's record-setting winning bid of $3,456,789.

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All proceeds go to the Glide Foundation, which helps the poor and homeless in San Francisco. The nonprofit relies on the auction to provide a significant chunk of its $17 million annual budget. Last year's Buffett lunch was the most-expensive charity item ever sold on eBay. (The most expensive item? A jet that drew $4.9 million in 2001.)

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