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Saturday, June 09, 2012

Cost to Lunch With Warren Buffett: $3.5 Million

The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million during a charity auction Friday night.

The annual auction for a private lunch with the Nebraska billionaire closed following a flurry of activity in the final hours. In the end, the highest bid was a record-breaking $3,456,789.

The auction benefits the Glide Foundation, which helps the homeless in San Francisco. Buffett has raised more than $11.5 million for the group in 13 past auctions. The event provides a significant portion of Glide's roughly $17 million annual budget that pays for social services to the poor and homeless.

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