Lunch date with Buffett fetches $1.68 mn on eBay | world | Hindustan Times
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Lunch date with Buffett fetches $1.68 mn on eBay

world Updated: Jun 28, 2009 13:15 IST

It takes millions of dollars to have lunch with legendary investor Warren Buffett and a bidder has snatched the opportunity by agreeing to shell out $1.68 million in an online charity auction.

However, this year, the highest bid is much less than last year's record $2.11 million.

The proceeds from the auction conducted every year on an online marketplace eBay would go for charity purposes.

Going by information available on eBay website, the highest bidder has offered to pay $1.68 million following the six-day auction which ended on June 26. The opening bid was $25,000.

The winner would get a chance to have lunch with Buffett in New York and can also bring up to seven friends along with him.

The auction proceeds would go to Glide Foundation, an institution that works to alleviate poverty in the San Francisco Bay Area.

According to reports, Hong Kong-based investor Zhao Danyang had paid $2.11 million for having lunch with the billionaire.

Buffett, who is the Chief Executive of investment and insurance group Berkshire Hathaway, has described Glide as "...maybe the most effective organisation I've seen for people down on their luck."