Warren Buffett 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 Buffett. The sale was part of the 21st annual auction for a lunch with Buffett, produced in collaboration with eBay and the Glide Foundation, a San Francisco-based non-profit organization working to combat poverty, hunger and homelessness.

This year’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.

Unfortunately for aspiring investors hoping to top this year̵[ads1]7;s record, this is the last year of “power lunch” with Buffett. 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 Buffett 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.

Corrected: An earlier version of this article was misspelled by Warren Buffett.