Warren Buffett's old 2006 Cadillac is going to be auctioned off to raise money for one of his favorite charities now that the billionaire finally upgraded his car to a newer model.
Buffett's old DTS sedan will go up for sale online at www. proxibid.com starting Wednesday. The auction will run through Feb. 19.
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The 2006 Cadillac has only 20,310 as Buffett enjoys a short commute to work at Berkshire Hathaway's headquarters in Omaha. Based on past auctions involving Buffett, the car will draw much more than its Kelly Blue Book value of between $10,000 and $11,600.
The last time Buffett's car was auctioned off, his 2001 Lincoln drew $73,200 — well above its book value of $11,200.
All proceeds will go to the nonprofit Girls Inc. of Omaha.