Warren Buffett lunch sells for $2.63 million on eBay

Fri Jun 11, 2010 11:03pm EDT
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By Elinor Comlay and Jonathan Stempel

NEW YORK (Reuters) - A bidder has agreed to pay $2.63 million for a steak lunch with the billionaire investor Warren Buffett in a charity auction held on eBay Inc's website.

The highest bid in the 11th annual auction topped the previous record $2.11 million paid in 2008 by Zhao Danyang, a Hong Kong investor. Wealth manager Salida Capital Corp of Toronto won with a $1.68 million bid in 2009.

The identity of the winning bidder could not immediately be determined after bidding closed Friday night.

EBay was not immediately available for comment. Berkshire Hathaway Inc, Buffett's insurance and investment company, did not immediately return a request for comment.

The winner and up to seven friends will dine with the world's third-richest person at the Smith & Wollensky steakhouse in midtown Manhattan. Smith & Wollensky is also donating $10,000.

As in his increasingly frequent television appearances, Buffett will talk about pretty much anything apart from what he is buying and selling.

Proceeds benefit the Glide Foundation, a San Francisco non-profit organization offering meals, healthcare, child care, housing and job training for the poor and homeless. Glide is also known for lively Sunday morning services that include gospel music.

Buffett began auctioning the lunches in 2000 after his first wife Susan introduced him to Glide and its founder, the Rev. Cecil Williams.   Continued...

<p>Chairman and Chief Executive Officer of Berkshire Hathaway Warren Buffett testifies before the Financial Crisis Inquiry Commission during a public hearing in New York in this June 2, 2010 file photo. REUTERS/Shannon Stapleton/File</p>