June 11 (Bloomberg) -- Warren Buffett’s lunch auction rose to a record of $2.63 million in the 11th annual charity fundraiser.
That’s about 24 percent higher than the previous record, set in 2008 when hedge-fund manager Zhao Danyang of Hong Kong paid $2.11 million. The chance to have lunch with the celebrated billionaire investor drew nine bidders and 77 bids, according to EBay Inc. The online auction started June 6 and ended at 10:30 p.m. New York time today.
The winning bidder wishes to remain anonymous, according to Denise Lamott, spokeswoman for the auction beneficiary, the Glide Foundation in San Francisco.
Buffett, the 79-year-old investor who is chairman and chief executive officer of Berkshire Hathaway Inc., has raised about $8.56 million with the auctions to help the Glide Foundation, which serves meals to the needy. A group led by Courtenay Wolfe of Salida Capital was last year’s winner with a bid of $1.68 millio
Read the full article at businessweek.com.
That’s about 24 percent higher than the previous record, set in 2008 when hedge-fund manager Zhao Danyang of Hong Kong paid $2.11 million. The chance to have lunch with the celebrated billionaire investor drew nine bidders and 77 bids, according to EBay Inc. The online auction started June 6 and ended at 10:30 p.m. New York time today.
The winning bidder wishes to remain anonymous, according to Denise Lamott, spokeswoman for the auction beneficiary, the Glide Foundation in San Francisco.
Buffett, the 79-year-old investor who is chairman and chief executive officer of Berkshire Hathaway Inc., has raised about $8.56 million with the auctions to help the Glide Foundation, which serves meals to the needy. A group led by Courtenay Wolfe of Salida Capital was last year’s winner with a bid of $1.68 millio
Read the full article at businessweek.com.
