Warren Buffett saved the best and biggest for last as the auction for lunch with the billionaire set a record.
A person bid more than $19 million to dine with the ‘Oracle of Omaha’ in the 21st and final time that the businessman auctioned a private lunch to benefit a San Francisco charity.
The winning bidder couldn't immediately be identified.
An eBay spokeswoman said the lunch was the most expensive item ever sold on the company's website to benefit charity.
The winning bid in the eBay auction that ended on Friday night far topped the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun.
The auction proceeds go to Glide, a nonprofit in San Francisco that helps the poor, homeless or those battling substance abuse.
Buffett, 91, the chairman and chief executive of Berkshire Hathaway has held 21 of the auctions, raising more than $53.2 million for the charity.
The COVID-19 pandemic prevented the lunches from being held in 2020 and 2021.
This year's winner and up to seven guests will dine with Buffett at the Smith & Wollensky steakhouse in Manhattan.
It is said that during those lunches, Buffett will talk about anything but where he is investing next.
|BRK.A||BERKSHIRE HATHAWAY INC.||539,534.99||+1,534.99||+0.29%|
Previous winners of the auction are hedge fund managers David Einhorn and Ted Weschler.
Weschler became a Berkshire portfolio manager. He paid a combined $5.25 million to win the 2010 and 2011 auctions.
Reuters contributed to this report.