An anonymous bidder paid a record-breaking $ 19 million to have a private lunch with legendary investor Warren Buffet.
According to CNN, the sale was part of the 21st and final time the billionaire businessman auctioned off a private luncheon, in association with eBay, to benefit a charity in San Francisco. Bidding began at $ 25,000 on June 12 and ended last week on Friday with a record-breaking $ 19,000 1,000 from an anonymous bidder.
Proceeds will now benefit Glide, a non-profit organization in San Francisco’s Tenderloin district that helps homeless people or those struggling with addiction. Glide offers meals, shelter, drug testing, job training and more.
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According to the outlet, the mystery winner will enjoy a private steak lunch with Mr Buffett, the chairman and CEO of Berkshire Hathaway, and up to seven guests at Smith & Wollensky Steakhouse in New York City.
This is especially the last year of the “Power Lunch” with Mr Buffet. The auction was first started in 2000 by the late Susie Buffett. EBay has been running the auction since 2003, CNN reported.
“On behalf of GLIDE and those we serve, I thank Warren Buffett for his unwavering generosity, partnership and dedication, and for his incredible contribution to our mission,” said the organization’s president and CEO, Karen Hanrahan.
“We are incredibly proud that Warren Buffett’s final ‘Power Lunch’ broke our all-time fundraising record, with all returns supporting GLIDE’s efforts to create paths out of crisis and transform lives,” says Jamie Iannone, CEO of eBay.
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The winning bid on Friday far exceeded the previous record of $ 4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun. Mr Buffet raised more than $ 53.2 million for Glide at 21 auctions.