The Warren Buffett Power Lunch Auction through eBay EBAY was completed last week. This was the auction to have lunch with Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B), along seven friends. The auction was to benefit the GLIDE Foundation in San Francisco and its programs.
In case you missed it, the results are in. The lunch sold for $1,000,100.00, with 106 bids. Bidding started out at $25,000.
Unfortunately, this lunch didn't pull in as much as last year, when the auction was hammered at $3,456,789. What is interesting is that there were the same number of bids last year as there were this year.
As a matter of fact, the high bid this year didn't even come close to many of the previous years. In 2011, the Warren Buffett lunch went for $2,345,678, in 2010, the Buffett lunch sold for $2.6 million, and even in 2008, the lunch was auctioned off at $2 million.
Not sure why it is so low this year. Any thoughts?
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