Auction of Private Meal With Buffett Likely to Draw Big Bids | NBC 10 Philadelphia
National & International News
The day’s top national and international news

Auction of Private Meal With Buffett Likely to Draw Big Bids

Six of the past eight winners paid more than $2 million to dine with Buffett

    processing...

    NEWSLETTERS

    AP
    Warren Buffett, chairman and CEO of Berkshire Hathaway, right, reacts to a newspaper throw with Bill Gates, left, at the newspaper throwing competition in Omaha, Nebraska, Saturday, May 5, 2012. An auction to have lunch with him is expected to gain sizable bids.

    Billionaire Warren Buffett has raised more than $20 million for a San Francisco homeless charity since 2000, and he's about to add to that total by auctioning off a private lunch.

    The weeklong eBay auction that began Sunday will wrap up Friday night. Six of the past eight winners paid more than $2 million to dine with Buffett, the investor who leads the Berkshire Hathaway conglomerate, with the record so far coming in 2012, when the winning bid was $3,456,789.

    New Orleans to Remove Confederate-Era Monuments

    [NATL] New Orleans to Remove Confederate-Era Monuments

    The city of New Orleans will remove four statues of Confederate-era events and figures in an effort to divorce itself from symbols that some see as problematic. The first statue, the Liberty Place Monument, was taken down early Monday morning. 

    (Published Monday, April 24, 2017)

    That 2012 lunch remains the most expensive individual charity item ever sold on eBay.

    The lunch auctions began after Buffett's first wife, Susie, showed him the Glide Foundation, where she had been volunteering. Susie Buffett died in 2004, but the connection between Warren Buffett and Glide's founders has endured.

    Buffett has praised the foundation's efficient and effect approach in providing meals, health care, job training, rehabilitation and housing support to the poor and homeless.

    "I am proud to be part of something that has directly benefited so many people in need," Buffett said ahead of the auction. "Glide is a bridge for thousands of people on the brink of despair, helping them achieve dignity and opportunity by providing them with basic services."

    Driver Flees Traffic Stop, Dragging Police Officer

    [NATL-DFW] Driver Flees Traffic Stop, Dragging Police Officer

    Body camera footage shows a Florida police officer being dragged by a driver attempting to flee a traffic stop.

    Police said Frank Wetzel, 61, was pulled over after blowing through a stop sign. Police said he started fidgeting with something next to him, making the officer suspicious. He was allegedly later found with a machete and handgun.

    (Published Monday, April 24, 2017)

    Rev. Cecil Williams, one of Glide's co-founders, said the cumulative effect of the donations has been "astonishing."

    Buffett has said he gets a wide range of questions at the lunches that usually run for several hours. The only limit on lunch conversation is what Buffett might invest in next, but any other topic is open.

    The winners of the lunch auction typically dine with Buffett at Smith and Wollensky steak house in New York City, which donates at least $10,000 to Glide each year to host the lunch. But when the winner wants to remain anonymous, the lunch happens elsewhere.

    Buffett's company owns more than 90 subsidiaries including insurance, furniture, railroad, jewelry and candy companies, restaurants and natural gas and corporate jet firms, and has major investments in such companies as Coca-Cola Co., IBM and Wells Fargo & Co.