There really is no such thing as a free lunch.
An anonymous bidder paid a record $ 19 million for a private steak lunch with legendary investor Warren Buffett. The sale was part of the 21st annual auction for lunch with Buffett, produced in collaboration with eBay and the Glide Foundation, a non-profit organization from San Francisco that works to fight poverty, hunger and homelessness.
The auction started with $ 25,000 on June 12 and ended with $ 19,000,100 from an anonymous bidder on Friday, eBay said in a statement.
This year’s huge sum is more than four times higher than the winning bid of 4,567,888 dollars in 2019 – the last auctions before the break due to the Covid-19 pandemic. The winner in 2019 was cryptocurrency entrepreneur Justin Sun.
The mysterious winner will enjoy a private lunch with Buffett and up to seven guests at the Smith & Wollen Steakhouse in New York, eBay says.
Unfortunately for investors hoping to surpass this year’s record, this is the last year of a “strength lunch” with Buffett. The annual auction raised over $ 53 million for Glide.
“On behalf of GLIDE and those we serve, I thank Warren Buffett for his unwavering generosity, partnership and commitment, as well as his incredible contribution to our mission,” Karen Hanrahan, president and CEO, said in a press release.
The auction was first started by the late Suzy Buffett in 2000. Since 2003, eBay has been managing the auction.
“We are incredibly proud that Warren Buffett’s last Power Runch broke our all-time record, with all proceeds supporting GLIDE’s efforts to create ways out of the crisis and transform lives,” eBay CEO Jamie Ianone said in a statement.
Corrected: An earlier version of this article was misspelled by Warren Buffett.
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