warren-buffett-lunchFor the past 15 years Buffet lunch auctions have been a regular affair, last year an anonymous bidder won the lunch for $1.001.000. Don't let this number fool you. In 2010 and 2011 the lunch date was won by Ted Wechsler for $2.6 million each year.
The winner of this year's auction is Andy Chua of Singapore, chairman of AMES United that runs a chain of beauty centers across Asia. Chua won the bidding on ebay at $2.166.766, the fourth biggest bid in any annual charity auction. The proceeds go to several different organizations, including the Glide Foundation that, throughout the years, has cashed in $16m.

The lunch is a fine gesture in terms of the charitable donation but may also be a good investment, Wechsler is now portfolio manager at Berkshire Hathaway.

 

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