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June 13, 2010

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Bidder to pay big for steak with Buffett

A BIDDER has agreed to pay US$2.63 million for a steak lunch with billionaire investor Warren Buffett in a charity auction held on eBay Inc's Website.

The highest bid in the 11th annual auction topped the previous record US$2.11 million paid in 2008 by Zhao Danyang, a Hong Kong investor.

The identity of the winning bidder could not immediately be determined after bidding closed on Friday. The winner and up to seven friends will dine with the world's third-richest person at the Smith & Wollensky steakhouse in midtown Manhattan.

Proceeds benefit the Glide Foundation, a San Francisco non-profit organization offering meals, health care, child care, housing and job training for the poor and homeless.



 

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