Saturday, June 8, 2013

Price of Lunch with Warren Buffett Crashes

Are people getting sick of Buffett's crony capitalist spiel? The San Francisco Business Times reports:

The last few minutes of bidding for the annual charity lunch with Warren Buffett are normally happy ones for supporters of San Francisco's Glide Foundation.

In recent years, last-minute bidding has regularly pushed the price to record levels. Last year's lunch for eight almost tripled in the final minute of bidding, closing at $3.46 million.
With bidding nearing the $1 million mark by mid-afternoon Friday, expectations ran high that the lunch with the Berkshire Hathaway Chairman and CEO could cross $4 million for the first time.

But as the auction closed at just $1,000,100, some attending the invitation-only countdown party at Restaurant Lulu in San Francisco could be heard speculating that a glitch must have occurred. At the party, I asked Alan Marks, eBay's communications chief, about the possibility of a glitch. He defended the integrity of the auction.

1 comment:

  1. I'd bid a 100 bucks just to not have to eat lunch with that nose-picking shill