December 6, 2022

Warren Buffett auction: Someone paid $19 million for a steak lunch

Warren Buffett auction: Someone paid $19 million for a steak lunch

An anonymous model paid the record $19 million for a private steak lunch Legendary investor Warren Buffett. The sale was part of the 21st annual Lunch With Buffett auction, produced in collaboration with eBay and the Glide Foundation, a San Francisco-based nonprofit that works to combat poverty, hunger and homelessness.
This year’s huge amount more than four times The winning bid is $4,567,888 in 2019 – The last auction before stopped due to the Covid-19 pandemic. The winner of the 2019 award is crypto entrepreneur Justin Sun.

The mysterious winner will enjoy a special lunch with Buffett and up to seven guests at the Smith & Wollensky Steakhouse in New York City, according to eBay.

Unfortunately for aspiring investors hoping to break this year’s record, this is the last year of his “energy lunch” with Buffett. The annual auction raised more than $53 million for Glide.

“On behalf of GLIDE and those we serve, I thank Warren Buffett for his unwavering generosity, partnership, and dedication, and for his remarkable contribution to our mission,” Karen Hanrahan, President and CEO of GLIDE, said in the press release.

Auctions were first started by the late Susie Buffett in 2000. Since 2003, eBay has been running auctions.

“We are incredibly proud that Warren Buffett’s latest energy lunch broke our all-time record for fundraising, with all proceeds supporting GLIDE’s efforts to create pathways out of crisis and transforming lives,” eBay CEO Jimmy Yannon said in the statement.

Correction: An earlier version of this article misspelled Warren Buffett.