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'Bargain' Bid as Warren Buffett Lunch Auction Goes Into Final Day

Thursday, 7 Jun 2012 | 8:33 PM ET

With just over 24 hours to go, the high bid for lunch with Warren Buffett is just over $200,000.

That's around 8 percent of last year's record $2,626,411 winning bid by Ted Weschler, who is now working for Buffett as a Berkshire Hathaway portfolio manager.

Ted also won the previous year's auction with a bid of $2,626,311.

Without Ted in the hunt, we may not see a new record this year. The price, however, is sure to move sharply higher just before the auction ends tomorrow at 10:30 pm ET.

And if someone else thinks they could also get a job offer, all bets are off.

The organizers are planning a live video stream at Glide.org and eBay.com/GLIDE of their "countdown celebration" at a San Francisco restaurant.

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. He calls it "maybe the most effective organization I’ve seen for people down on their luck."

Bidders need to be pre-qualified to participate.

For more Buffett Watch updates follow alexcrippen on Twitter.

Email comments to buffettwatch@cnbc.com

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