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Annual Lunch with Warren Buffett Auction

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Every year Warren Buffett auctions off a lunch date to benefit the Glide Foundation. The Glide Foundation describes its mission as creating “a radically inclusive, just and loving community mobilized to alleviate suffering and break the cycles of poverty and marginalization.” It’s a noble goal and it’s not surprising that Warren Buffett has supported this organization for years in this way.

The winner last year was Courtenay Wolfe, president and chief executive of Canadian hedge fund Salida Capital, who shelled out $1,680,300.00 for lunch with Buffet and seven of Wolfe’s closest friends. It wasn’t the highest amount ever paid for lunch with Buffett, that honor goes to the 2008 winner Zhao Danyang, manager of Hong Kong-based Pure Heart Asset Management. Zhao Danyang paid out $2.11 million dollars (check out how he used the power of the press to get a nice return even before sitting down with Buffett).

Here are previous winners and how much they paid:

  • 2003 – $250,100 – David Einhorn of Greenlight Capital hedge fund,
  • 2004 – $202,100 – Jason Choo of Singapore (later increased his donation to $250k)
  • 2005 – $351,100 – Anonymous winner
  • 2006 – $620,100 – Yongping Duan, a famous Chinese business figure who founded Subor Electronics Industry Corporation and BKK Electronics Group.
  • 2007 – $650,100 – Two investors, Mohnish Pabrai, of Pabrai Investment Funds, and Guy Spier of Aquamarine Capital Management LLC. Pabrai will pay 2/3s, Spier the other third.
  • 2008 – $2.11 million – Zhao Danyang, who runs the Pureheart China Growth Investment Fund in Hong Kong.
  • 2009 – $1.68 million – Courtenay Wolfe, president and chief executive of Canadian hedge fund Salida Capital.

You have to pre-qualify but you can bid here. Any guesses on how much this will go for? 100 BB for the closest guess without going over, contest ends Friday at noon (auction ends won’t end until about 12 hours later).

The contest is closed, the bidding has ended, and the winner will be paying $2,626,311.00 to have lunch with Warren Buffett.

Congrats to Brad for getting closes with a guess of $2 million!

{ 32 comments, please add your thoughts now! }

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32 Responses to “Annual Lunch with Warren Buffett Auction”

  1. Jackie says:

    I’ll guess 1.34 million.

  2. HT says:

    I’ll guess 1 Million even.

  3. Frugal says:

    My guess is 1.5 million

  4. Strebkr says:

    1.2 Million is my guess.

  5. moljacks says:

    My guess is 1.8 million.

  6. saladdin says:

    650K

    saladdin

  7. cubiclegeoff says:

    My guess is 1.385 million

  8. Anonymous says:

    I’m going to say 1.6 million. David Einhorn looks like he got a bargain.

  9. daenyll says:

    I’ll say 1.78 million

  10. Brad says:

    I am saying an even 2 million.

  11. cdiver says:

    1.73 million is my guess

  12. CreditShout says:

    wow it’s crazy to see how much the bids grew in just a few years. I’m going to guess 1.5 million

  13. ebekele says:

    1.86 mil is my guess

  14. Kent says:

    I’ll say $1.41 million

  15. I’ll guess 1.9 million

  16. billsnider says:

    I bid an even $1,094,638.96

    Bill Snider

  17. javi says:

    1.88 million is my guess

  18. eric says:

    My completely unscientific and random guess is $1,215,100.00

  19. Danny says:

    I’ll say…
    $1,804,080.00

  20. lostAnnfound says:

    My guess is 1.93 million

  21. Shirley says:

    My guess is 1,032,228.00

  22. zapeta says:

    1,700,100

    Lets see if I end up being close

  23. Adil says:

    The guy is fooling us! Dont understand why sb may want to pay such amount

    • Jim says:

      It is a donation to a worthy cause.

      • Adil says:

        ok now i see thx…

        Glide does pretty good job, however maybe they should focus on cause of problem and not on consiquences. Dont think that even 100^10000… donation would solve out problem.

        • Jim says:

          Well, they can focus on whatever they want and if people like what they do, they’ll support them. If people don’t think it’s a good approach, they won’t support them.

  24. neerpatel says:

    my guess 1.98 million.

  25. Brad says:

    Sweet! Now what do I win. Ha!

    • Shirley says:

      The absolute glory of knowing that you are a winner and “…100 BB for the closest guess without going over,…” ?

      Congrats!


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