Business

Warren Buffett not a cheap lunch date; auction bids hit $168,000

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How much will lunch with the Oracle of Omaha set you back?

As of Monday morning, breaking bread with Nebraska billionaire investor Warren Buffett is worth a cool $168,100.

For the 14th year in a year, an auction to partake in a fancy steakhouse lunch with Buffett is off to a strong start. The auction's proceeds go toward Glide, a San Francisco anti-poverty nonprofit organization. 

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The auction will close Friday at 7:30 p.m. Pacific time. Last year, an anonymous bidder paid $3.5 million to dine with the 82-year-old Buffett.

And this year, the auction is on pace to set another record, a previous auction winner told Bloomberg News.

Bidders have to be pre-qualified on eBay to place bids, according to the auction rules.

The winner will be able to invite seven guests to dine with Buffett at the Smith & Wollensky steakhouse in New York, where a filet mignon is priced at $40 a plate.  

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ricardo.lopez@latimes.com

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