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Business

Warren Buffet Auction: Someone paid $ 19 million for a steak lunch




An anonymous bidder paid a record $ 19 million for a private steak lunch with legendary investor Warren Buffet. The sale was part of the 21st annual auction for a Buffet lunch, produced in partnership with eBay and the Glide Foundation, a San Francisco-based nonprofit that works to combat poverty, hunger and homelessness.
Bidding started at $ 25,000 on June 12 and ended at $ 19,000,100 from an anonymous bidder on Friday, according to an eBay press release. This year̵[ads1]7;s huge sum is more than four times the winning bid of $ 4,567,888 in 2019 – the last auction before a break due to the Covid-19 pandemic. The 2019 winner was cryptocurrency founder Justin Sun.
Crypto-founder postpones $ 4.6 million lunch with Warren Buffett

The mysterious winner will enjoy a private lunch with Buffet and up to seven guests at Smith & Wollensky Steakhouse in New York City, says eBay.

Unfortunately for aspiring investors hoping to top this year’s record, this is the last year of “power lunch” with Buffet. The annual auction has raised over $ 53 million for Glide.

“On behalf of GLIDE and those we serve, I thank Warren Buffett for his unwavering generosity, partnership and commitment, and for his incredible contribution to our mission,” said the organization’s President and CEO Karen Hanrahan in the press release.

The auction was first started by the late Susie Buffet in 2000. Since 2003, eBay has managed the auction.

“We are incredibly proud that Warren Buffett’s latest Power Lunch has broken the all-time record of fundraising, with all the revenue supporting GLIDE’s efforts to create ways out of crisis and transform lives,” said eBay CEO Jamie Iannone in the release.



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