Warren Buffet auctions private luncheon for the last time

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Warren Buffet is once again making headlines as he is set to auction off a private luncheon for the last and final time in New York. The main motive for the auction, which has a reputation for breaking records, is to raise funds for the Glide Foundation. The climax of a movie is always viewed with a great deal of overwhelming elation, which is perhaps why people are rather intrigued by Buffet’s auction. Read on to find out more.

warren buffet

The what and the why

Philanthropy is indeed a noble enterprise. While some humans tend to give it an ornamental undertone, others do it from the heart or so we hope. Being a billionaire does not technically impose any ethical responsibility on a person. However, the willingness to take on this responsibility on one’s own accord says a lot about the person. Warren Buffet and philanthropy are two terms that go hand in hand. The CEO of Berkshire Hathway is known for his philanthropic deeds. And now he’s gearing up for the latest private auction in New York to raise money for the Glide Foundation.

The event that goes by the name “Power of One” is unique in its own way. Auctions will begin June 12 and run until June 17. The event will take place on eBay for Charity, a platform that enables the eBay community to support charities. Maybe there’s still some good left in the world after all. Bidding will start at US$25,000. The winning bidder will have the opportunity to dine at Smith and Wollensky, Buffet’s favorite restaurant, with seven other guests of their preference.

The auction is the brainchild of Susie Buffet, the late wife of Warren Buffet. In 2000, the charity auction managed to raise a total amount of 25,000 US dollars. The auction was later moved to eBay in 2003 at Buffet’s suggestion. According to the Foundation, since then the auction has managed to raise more than US$34 million. The Glide Foundation’s mission is to fight poverty, housing and homelessness and to achieve racial and social justice.

According to Karen Hanrahan, CEO and President of Glide Foundation,

Warren Buffett’s friendship and generosity over the past 22 years has been invaluable in deepening Glide’s impact on the systems that fuel poverty and inequality. His legacy will have a lasting positive impact on Glide and the customers we serve.

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