Auction of private lunch with Warren Buffett starts Sunday

Sunday , May 27, 2018 - 11:18 AM

OMAHA, Neb. (AP) — The bidding for a private lunch with investor Warren Buffett begins at the relative bargain of $25,000, but by the end of the week the price is likely to top $2 million again.

The high price people are willing to pay for time with Buffett benefits the Glide Foundation, which helps the homeless in San Francisco.

Buffett has raised over $26 million for the Glide Foundation through these annual auctions over the past 18 years.

Since 2010, the auction has only finished below $2 million once.

Buffett’s first wife, Susie introduced him to Glide after she volunteered there. She died in 2004, but the connection endured.

This year’s eBay auction begins Sunday evening and runs through 9:30 p.m. Central on Friday. The winner can invite up to seven friends.

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