Private Buffett lunch goes to highest bidder for over $3.4M (homeless charity)

[Omaha Steve]

Source: AP-Excite

By JOSH FUNK

OMAHA, Neb. (AP) — For the second time, an anonymous bidder has agreed to pay more than $3.4 million for a private lunch with billionaire Warren Buffett, with the auction proceeds going to a San Francisco homeless charity.

The bid of $3,456,789 from Friday night's winner ties the record highest from 2012, when a bidder also paid $3,456,789 to become the most expensive individual charity item ever sold on eBay.

The weeklong eBay auction to raise money for the Glide Foundation began Sunday and wrapped up Friday night. By midmorning Friday, the bidding reached more than $2.6 million, nearly $300,000 higher than last year's winning bid by Beijing-based Dalian Zeus Entertainment Co.

Six of the past eight winners paid more than $2 million to dine with Buffett, the investor who leads the Berkshire Hathaway conglomerate.

FULL story at link.

Read more: http://apnews.excite.com/article/20160611/us--buffett_lunch_auction-7fa53158be.html

[Sam_Fields]

1. Oh Look! It's Pennies from the 1%

[newthinking]

2. Exactly. The wealthy siphon most of the resources then they

give a little charity and we are supposed to feel blessed and not recognize the cycle that generates the homelessness

[NBachers]

3. The people I know from Glide are not quite as disdainful about this as our DU posters are.

Some actually do; others only grouse.

[corkhead]

13. Maybe we should let everyone choose how they spend their tax dollars.

If I was as privileged as Buffett, maybe I could send my tax money to a specific charity of my choosing like he gets to, instead of it going to supporting our bloated global empire.

[Mendocino]

4. Buffett lunch for $3.4 mllion,

for that kind of money I'd expect a sit-down dinner.

[FailureToCommunicate]

10. (Two hours later) It just hit me!!!

I'm a little slow.

[Snotcicles]

5. Someone has a pitch they really believe in. nt

[Snotcicles]

6. I wonder if Buffett will order the buffet. nt

[TwilightZone]

7. It's for charity. He does it every year.

Everyone involved knows that it's for charity. I doubt that the conversation involves a sales pitch.

[WHEN CRABS ROAR]

8. How about giving the homeless lunch.

[JI7]

11. "auction proceeds going to a San Francisco homeless charity"

that's what this thing is about.

[LuckyLib]

9. Separating the wealthy from their money. I like it!

[cstanleytech]

12. Given the amount I suspect it would amount to loose change found under the couch to whoever paid it.