Tuesday, June 7, 2011

Lunch With Buffett: It'll Cost You

How much would you pay to have lunch with Warren Buffett? It had better be more than $1.5 million, because the bidding for you and seven of your friends to sit down with Buffett at Smith & Wollensky's over in New York City has already reached that level.

Buffett has been auctioning off these luncheons on eBay for over a decade now, to benefit a San Francisco organization called the Glide Foundation, which provides meals, health care, housing and job training to the needy. In the beginning, the lunches went for around $25,000, but they really took off in 2003, when David Einhorn - the new part-owner of the Mets - bid it up to $250,100. Here's how the winning bids have gone since then:

2004: $202,100
2005: $351,100
2006: $620,100
2007: $650,100
2008: $2,110,100
2009: $1,680,300
2010: $2,626,311

This year's auction ends on Friday. Get your bids in now!

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