Power Lunch With warren Buffett Closed At $US2.63 million | Ramblings of an e-trader

Tuesday 14 June 2011

Power Lunch With warren Buffett Closed At $US2.63 million

Wow, it looks like it's getting more and more expensive to have lunch with Warren Buffett. Why would anyone want to try to outdo the winners of the previous year by bidding higher when they don't have to and yet could still win the auction? Is it ego? They surely could continue with their charitable deeds without splashing all the money in the same cause?

In any case, right now, we do not have any information on the winner or group of winners, but according to reports, there were only two different bidders on this auction. Obviously, interest is lower. Why? Maybe not many companies could afford to spend millions of dollars on a lunch anymore.

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