He’s been doing it for a few years now (call me slow off the mark) but I was reading today about how Warren Buffett does this great auction for charity each year where he auctions off a lunch with him for a group of up to eight people. All the proceeds go to a charity called the Glide Foundation.
Now you may think “big deal, a lunch” but last year it sold for $2.11 million! The year before was a comparative steal at $650k. That’s a lot of money to a charity for one bloke just to turn up to a lunch for 3 hours – what a great idea.
If you want to have a stab at the next lunch you better hurry – at the time of posting, the auction on Ebay had only 1 day, 17 hours to go. Currently the bid stands at $300k…
Full piece on Bloomberg here – including a great quote from Buffett when asked what he discussed at the $2 million lunch.