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Bids on Buffett lunch begin

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From the Associated Press

It’s anyone’s guess how high the bidding will go this year on lunch with investor Warren E. Buffett.

The online bidding began at $25,000 on Sunday evening. A year ago, two investors paid $650,100 for the chance to have lunch with the chairman and chief executive of Omaha-based Berkshire Hathaway Inc.

The auction benefits the Glide Foundation, which provides social services to the poor and homeless in San Francisco.

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The auction will continue until 7 p.m. Pacific time Friday.

This will be the sixth year Buffett auctions a lunch on EBay Inc. and donates the proceeds to Glide.

The winning bidder and as many as seven friends will dine with Buffett at the steakhouse Smith & Wollensky in New York.

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