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This Article is From Jun 15, 2016

Warren Buffett Says Anonymous Woman Wins $3.46 Million Charity Auction For Lunch

Warren Buffett Says Anonymous Woman Wins $3.46 Million Charity Auction For Lunch
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc.(Reuters Photo)
Warren Buffett on Tuesday said the anonymous bidder who agreed last week at an annual charity auction to pay $3,456,789 to have lunch with him, matching the previous record high, is a woman.

"The one thing I will tell you, because we're in this crowd: It's a woman," Buffett, the billionaire chairman of Berkshire Hathaway Inc, said at a United State of Women conference in Washington.

The winner and up to seven friends can dine with Buffett at the Smith & Wollensky steakhouse in midtown Manhattan. An anonymous bidder also paid $3,456,789 to win the 2012 auction.

Proceeds go to Glide, a San Francisco charity that provides food, healthcare and other services to people who are homeless, poor or struggling with substance abuse.

Buffett has raised roughly $23.6 million for Glide in 17 auctions dating to 2000.

At least one prior winner was a woman. In 2009, Courtenay Wolfe of Canada's Salida Capital prevailed with a $1,680,300 bid.

Buffett called Glide, led by the Rev. Cecil Williams and his wife Janice Mirikitani, a "remarkable social organisation," and encouraged higher bids in 2017.

"If you'd like to buy it next year, $3.5 million is just a suggested price," he told the audience. "Plus tip, of course, for the lunch."

A webcast of Buffett's comments was available on YouTube.
© Thomson Reuters 2016

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