Bidding Starts Sunday for Seven-Digit Steak with Warren Buffett

080520_buffett_lunch2.jpg

The annual bidding for lunch with Warren Buffett begins this coming Sunday, June 5 at 10:30p ET.

By the end of the eBay auction exactly 5 days later on Friday evening, a winning bidder will probably be paying at least a million dollars to share a steak with Buffett.

Proceeds go to San Francisco's Glide Foundation. It describes its mission as creating a "radically inclusive, just and loving community mobilized to alleviate suffering and break the cycles of poverty and marginalization."

Buffett was introduced to Glide by his first wife, Susan, and calls it "maybe the most effective organization I’ve seen for people down on their luck."

Last year's anonymous winner paid a record $2.6 million.

Bidders need to be pre-qualified to participate. The minimum first bid is $25,000.

The winner, along with up to seven friends, will sit down for lunch with Buffett at the New York City steakhouse Smith & Wollensky.

Current Berkshire stock prices:

Class B:

Class A:

For more Buffett Watch updates follow alexcrippen on Twitter.

Email comments to buffettwatch@cnbc.com

080214_portfolio_tracker_badge.jpg