Bidding is now underway for an opportunity to have lunch with Warren Buffett.
The charity auction began late last night on eBay with a starting bid of $25,000. Participants must be pre-qualified before bidding.
Current high bid, as of this (Monday) morning: $30,100.
The auction closes at 10p ET this coming Friday night, June 26.
Zhao collects his lunch this coming Wednesday in New York City. He says he is "looking forward" to the "chance of a lifetime."
Zhao's bid could be a tough target to reach. It was more than three times greater than the previous record of $650,100 paid the year before by value investor Mohnish Pabrai and a friend. (Pabrai told us afterwards the experience was "worth every penny.")
Most value investors would call the gains in recent years evidence of an overheated market for Buffett lunches.