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This Article is From Jun 01, 2019

Warren Buffett's Charity Auction Bidding Surges Past $4 Million Level

(Bloomberg) -- A chance to dine with Warren Buffett is getting more expensive by the minute, with bids exceeding $4 million.

The record-breaking offer for Buffett's annual auction would benefit San Francisco-based charity Glide. Bidding had already set a record earlier in the week, then heated up further on Friday with multiple bids above $4 million. The auction ends tonight.

Over nearly two decades, Buffett's auction has raised almost $30 million for Glide, whose services address issues including poverty and hunger. The winner gets to bring as many as seven friends to dine with Buffett, 88, at Smith & Wollensky in New York. The annual event has attracted victors including Greenlight Capital's David Einhorn and investor Ted Weschler, who later joined Buffett's Berkshire Hathaway Inc.

The previous record of about $3.46 million was set in 2012 and matched in 2016.

YearWinnerWinning Bid
2000Anonymous$25,000
2001Anonymous$18,000
2002Anonymous$25,000
2003David Einhorn, Greenlight Capital$250,100
2004Jason Choo, Singapore$202,100
2005Anonymous$351,100
2006Yongping Duan, California$620,100
2007Mohnish Pabrai, Guy Spier, Harina Kapoor$650,100
2008Zhao Danyang, Pure Heart Asset Management$2,110,100
2009Salida Capital, Canada$1,680,300
2010Ted Weschler$2,626,311
2011Ted Weschler$2,626,411
2012Anonymous$3,456,789
2013Anonymous$1,000,100
2014Andy Chua, Singapore$2,166,766
2015Zhu Ye, Dalian Zeus Entertainment Co.$2,345,678
2016Anonymous$3,456,789
2017Anonymous$2,679,001
2018Anonymous$3,300,100

To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.net

To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, Peter Eichenbaum

©2019 Bloomberg L.P.

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