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Buffett lunch sells for record $3,456,789

Posted at 9:31 AM, Jun 09, 2012
and last updated 2012-06-09 09:37:13-04

Emily Jane Fox, CNNMoney

NEW YORK (CNNMoney) – An anonymous bidder is paying a record $3,456,789 to have lunch with legendary investor Warren Buffett, according to the charity that benefits from the auction.

Glide, the San Francisco Bay anti-poverty organization, said there were 10 active bidders among the more than 110 inquires into the auction on eBay. The auction began Sunday and closed at 10:30 p.m. ET Friday.

“We are shouting, dancing, rejoicing and celebrating. It’s quite an experience,” said Glide founder, the Rev. Cecil Williams, in a statement. “We have made history, thanks to Warren Buffett.”

Over the last decade, Buffett has raised more than $11.5 million for the organization, not counting the 2012 auction.

The 2012 winning bid topped by more than $800,000 last year’s prior record bid of $2,626,411 to dine with the “Oracle of Omaha.” 

Both the 2011 and 2010 auctions were won by Ted Weschler, a former managing partner of Peninsula Capital Advisors. Buffett hired Weschler in September after sitting down for their multi-million-dollar meal last summer.

The chairman and chief executive of Berkshire Hathaway will join the winner of this year’s auction and seven friends for lunch at the Smith & Wollensky steakhouse in New York at a mutually agreed upon date.

Richmond-based Media General, Inc. announced in May that Buffett’s Berkshire Hathaway, Inc. would buy the Richmond Times-Dispatch — and almost all of the company’s other newspapers. However, the deal did not include the media conglomerate’s Tampa papers.