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Jun.27
10:03 PM ET
Friday, 27 Jun 2008
Warren Buffett Charity Lunch Auction Ends with High Bid of $2,110,100

Lunch with Warren
This year "Power Lunch with Warren Buffett" charity auction has ended on eBay with a high bid of $2,110,100.

That's more than three times larger than last year's record high price of $650,100 paid by investors Mohnish Pabrai and Guy Spiers.  They collected their prize earlier this week.

UPDATE: China Fund Manager to Pay $2.1 Million for Lunch with Warren Buffett

Like Pabrai and Spiers, this year's winner (or winners) will be able to invite up to seven companions for a private lunch with the world's richest man at New York's Smith & Wollensky Steakhouse.  They can ask Buffett anything at all, except what he's buying or selling.

A spokesperson for San Francisco's Glide Foundation, the beneficiary of the auction, just told me (about 10:15p Friday evening) that they're totally confident the bid is legitimate, although the winner has not yet been officially verified.

Bidders had to be pre-qualified, to reduce the chances of sham offers.

The high bidder is known by the eBay user name of 'greenteabug.'  The user name had been newly created yesterday, and has no 'feedback' reviews.

In a live interview with CNBC this week before sitting down with last year's winners, Buffett called Glide a "marvelous, marvelous" organization run by a "remarkable man" named Cecil Williams who brings hope to "people the world has given up on."

Current Berkshire price: [US;BRK.A  Loading...      ()   ]

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