[ad_1]
- An anonymous bidder won Warren Buffet's annual charity auction luncheon with a record bid of $ 4.6 million.
- All proceeds will go to the Glide Foundation, a San Francisco-based organization that supports the homeless.
- The previous record bid was $ 3,356,789.
The auction for the 20th Annual Charity Auction for a "Power Lunch with Warren Buffett" is over. An anonymous winner wins the prize with a final bid of $ 4,567,888.
Lunch is presented by eBay and the Glide Foundation and will be held at the famous Smith & Wollensky steakhouse in New York.
The auction was organized exclusively on eBay, the last auction is expected Friday, May 31 at 19:30. PT. Past winners include David Einhorn of Greenlight Capital and Ted Weschler, who are now part of Buffett's investment team.
RELATED: Take a look at the most expensive items sold on eBay in 2018:
As in previous years, 100% of the proceeds went to the Glide Foundation, a San Francisco-based charity that provides local services to the homeless. The foundation is associated with the United Methodist Memorial Church and was founded more than fifty years ago by Reverend Cecil Williams and Janice Mirikitani.
The annual breakfast, which began in 2000, raised more than $ 30 million for the non-profit sector. Susan Thompson Buffett, deceased wife of Buffett, was a well-known resident and philanthropist of San Francisco.
According to the auction website, GLIDE is described as "a radically inclusive, just and loving community, mobilized to alleviate suffering and break cycles of poverty and marginalization.
"Glide's mission is to break the cycles of multigenerational addiction, poverty, and self-esteem by providing a spiritual home of unconditional love." Glide strives to create a healthy community by providing effective services that promote holistic healing, integrity and diversity. "
Similar to Berkshire Hathaway's stock price, the cost of a winning bid has increased dramatically over the years. In 2000, the winning bid amounted to $ 25,000, while that of 2019 was $ 4.6 million, an increase of 187 times. During the same period, the share price of Berkshire Hathaway has increased only 5.5 times.
SEE ALSO: US manufacturing activity has slowed down at its slowest pace since Trump came into office
[ad_2]
Source link