Warren Buffett Lunch Tops $500k on eBay

[kcnychief]

NEW YORK (Reuters)—It will cost more than half a million dollars for a successful bidder to dine with Warren Buffett, with bidding for that privilege in an online charity auction on eBay Inc. now reaching a record $500,100.

Buffett, the 75-year-old chairman of Berkshire Hathaway Inc., will dine with up to eight people, as he has since 2000, to benefit the Glide Foundation, a San Francisco non-profit that helps the poor, hungry and homeless.

Mohnish Pabrai, an Irvine, California investor, placed the $500,100 high bid, topping a $500,000 bid from "fastisslow." He also topped a $460,200 bid earlier Monday by "value4567."

"Hopefully we'll prevail, but it's clear there are now three bidders, and the bidding could well get fast and furious," said Pabrai, an unsuccessful bidder in past years, in an interview.

Source: http://www.eweek.com/article2/0,1759,1981945,00.asp?kc=EWRSS03119TX1K0000594
eBay Auction: http://cgi.ebay.com/Warren-Buffett-...7QQihZ012QQcategoryZ16071QQrdZ1QQcmdZViewItem