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Buffett has raised $17.8 million in 15 prior annual auctions
for Glide, a charity in San Francisco's Tenderloin district that
provides food, health care, rehabilitation and other services
for the poor and homeless.
As of 2:30 p.m. EDT Monday, the top bid was $1,000,100 in the
eBay auction, which ends at 10:30 p.m. EDT Friday.
That bid matches the seventh-highest amount ever paid, which
occurred in 2013, and may go higher because bids often soar in
the last hour. The auction began Sunday night, with a $25,000
minimum bid.
"We're very happy, very happy," the Rev. Cecil Williams, the
co-founder of Glide, said in a phone interview. "We expect the
bidding to take off, but $1 million coming this early is
somewhat surprising."
This year's winner can bring up to seven friends to dine with
Buffett at the Smith & Wollensky steakhouse in Manhattan.
Some past winners chose to dine at a steakhouse in Omaha,
Nebraska, where Buffett runs Berkshire Hathaway Inc.
Last year's winner, Andy Chua of Singapore, bid $2,166,766. The
record bid, in 2012, was $3,456,789, submitted anonymously.
One winner, Ted Weschler, ended up working for Buffett as a
Berkshire portfolio manager after paying a combined $5.25
million to win the 2010 and 2011 auctions.
The auctions began in 2000 after Buffett was introduced to Glide
by his first wife, Susan, who died in 2004.
"Nobody who's donated to Glide has ever felt short-changed,"
Buffett said in a statement last month.
Williams, a community leader and pastor at Glide Memorial United
Methodist Church, said he visited Buffett two weeks ago in Omaha
to discuss Glide's work.
"We want to empower our people and find resources to help us
pull this off, and touch the lives of people who are hurting
most," Williams said.
Buffett's involvement helps, he added. "When Buffett speaks,
people listen," Williams said. "He is a man of deep conviction."
Buffett is worth about $70.4 billion, making him the world's
fourth richest person, Forbes magazine said on Monday.
(Reporting by Jonathan Stempel in New York; Editing by Leslie
Adler)
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