Buffett Watch

Chinese online gaming company wins Buffett lunch for $2.3M

Warren Buffett, chairman of the board and CEO of Berkshire Hathaway
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An online gaming company based in Beijing was the highest bidder in an online auction of a steak lunch with Warren Buffett.

Da Lian Zeus Entertainment Company will donate $2,345,678 to share a meal with the billionaire investor.

That tops the $2.17 million winning bid last year but is roughly two-thirds of the record $3,456,789 paid by an anonymous bidder in 2012.

Bidders for the five-day auction on eBay had to be pre-qualified.

The winner, and up to seven others, will have the opportunity to share a lunch with Buffett at New York City's Smith & Wollensky steakhouse. Some winners, however, have preferred to meet with Buffett in his home town of Omaha.

Chinese hedge fund manager Zhao Danyang and his son stand with Warren Buffett after placing the winning bid in a charity auction for lunch with the billionaire investor in 2009.
Andrew Harrer | Bloomberg | Getty Images

For the 16th consecutive year, San Francisco's Glide Foundation will get all of the proceeds from the auction. It describes its mission as trying to "alleviate suffering and break the cycles of poverty and marginalization."

The highest final bid over those 16 years was $3,456,789 in 2012 made by a winner who chose to remain anonymous.

Andy Chua of Singapore was last year's high bidder, paying almost $2.2 million.

Here's a look at how the price of lunch with Buffett has grown over the years.

By CNBC's Alex Crippen. Follow him on Twitter: @alexcrippen