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

An anonymous bidder has paid a record $19 million for a private steak lunch with legendary investor Warren Buffet. The sale was part of the 21st Annual Buffet Lunch Auction, produced in conjunction with eBay and the Glide Foundation, a San Francisco-based nonprofit that fights poverty, hunger and homelessness.
The auction started with $25,000 on June 12 and ended with $19,000 from an anonymous bidder on Friday, according to an eBay press release. This year’s huge sum is more than four times the winning bid of $4,567,888 in 2019 – the last bid before a hiatus due to the Covid-19 pandemic. The 2019 winner was cryptocurrency entrepreneur Justin Sun.

The mystery winner will enjoy a private lunch with Buffet and up to seven guests at Smith & Wollensky Steakhouse in New York, according to eBay.

Unfortunately for budding investors hoping to break this year’s record, this is the last year of the “power lunch” with Buffet. The annual auction raised over $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 incredible contribution to our mission,” said GLIDE President and CEO. organization, Karen Hanrahan, in the press release.

The auction was first started by the late Susie Buffet in 2000. Since 2003, eBay has run the auction.

“We’re incredibly proud that Warren Buffett’s latest Power Lunch broke our all-time fundraising record, with all proceeds supporting GLIDE’s efforts to create pathways out of crisis and transform lives,” the CEO said. eBay, Jamie Iannone, in the press release.


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