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Warren Buffett Lunch Up Less Than Five Percent

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An Irvine, California based investor won the charity auction for a lunch with Warren Buffett on Friday night. His $650,100 winning was around 4.8% higher than last years winning bid. But year-over-year growth in the bidding has slowed dramatically, perhaps suggesting that the market for lunch with Warren Buffett is maturing or plateauing. Last year’s winning bid was 76% than the previous years.
As is usually the case with these sorts of things, bidding remained relatively tame for most the auction, but surged almost $250,000 in the last hour.
The winning bid came from Mohnish Pabrai, who manages more than $600 million at his hedge fund. Another hedge fund manager, He said Guy Spier, staked around one-third of his winning bid.
Warren Buffett Power Lunch to Benefit Glide Foundation []
Warren Buffett lunch sells for record $650,100 [Reuters]