An anonymous bidder paid more than $3.3 million Friday for a private meal and meaty conversation with the venerable billionaire investor and philanthropist. This year's price was short of the $3.46 million record, ranking third in the event's history.
This year's auction, which was open to pre-approved bidders only (you had to call eBay to prove that you were eligible), started at $25,000 on May 27. The victor, who wishes to remain anonymous like many other previous winners, is allowed to bring his/her seven friends to the lunch with Warren Buffett at Smith & Wollensky Steakhouse at New York City. "As the need for Glide's services continues to grow, this money allows Glide to remain a driving force for racial and economic equity in San Francisco and beyond", Karen Hanrahan, Glide President and CEO, said in a statement.
Note that the lunch with Buffett played at the auction every year since 2000. Glide's budget runs about $18 million a year. Over the six days, the pre-qualified bidders made 136 bids. He then scored a job with Buffett in 2011 and now helps oversee Berkshire Hathaway Inc's investments.
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"They've been doing it for decades".
"Glide really takes people who have hit rock bottom and helps bring them back", said Mr Buffett, who was introduced to the foundation by his late first wife Susan.
Mr Buffett's known to draw a crowd for his advice on investing, and he fills an indoor convention center with thousands of people during his company's annual meeting.