At 10:30 a.m. on June 2, Beijing time, the 19th Buffett charity lunch auction officially ended on eBay. The auction started at $25000, but in a short time it soared to $1510000. It seems that it's also valuable to have lunch with the God of shares.
According to eBay auction history data, there were only six bidders in the auction, and the six bidders made a total of 136 bids.
In the end, Buffett's charity lunch of 'one less meal' this year was sold for 3.3001 million US dollars (21.19 million yuan), but the identity of the winner is quite mysterious -- he is called 'anonymous'.
The reporter of the daily economic news (wechat: nbdnews) noted that although the price was nearly 620000 dollars higher than last year's transaction price, it was nearly 156000 dollars lower than the record of 3.4568 million dollars in 2012 and 2016.
According to the auction, the winner of this year's charity lunch auction will have the opportunity to invite up to seven friends to have a luxurious lunch with Warren Buffett at the Smith Wollensky restaurant in New York at a time to be agreed by both parties.
Interestingly, a restaurant employee once disclosed that Smith Wollensky's dish is between 30-50 dollars, such as 59 dollars of cold water lobster tail and 49 dollars of sirloin. Compared with the high price of the auction, the cost of lunch can be said to be very 'cheap'.
29 million dollars have been raised for lunch
For a long time, Buffett has set no restrictions on the topic of dining, to ensure that he knows everything and says everything. You dare to ask, he dare to answer. But there is only one condition: you will not disclose your next investment choice.
The reporter of the daily economic news (micro signal: nbdnews) noted that Buffett has auctioned the opportunity to have lunch with him since 2000, and all the money from the auction has been donated to the glide foundation to help the homeless, the poor and the people fighting drug abuse in the bay area of San Francisco to provide them with food, medical and other services.
Plus this year's $3.3 million, Buffett's lunch auction has raised more than $29 million for the glider foundation. The glide foundation is a non-profit organization against poverty.
Cecil Williams and Janice Mirikitani, CO founders of the foundation, told CNBC that the lunch auction was originally the idea of Susie, Buffett's late wife.
Top 3 transaction prices are all from 'anonymous'
The $3.301 million price is Buffett's third highest since the auction began in 2000. According to the data of the glide foundation, the previous highest bidding price was US $3456800 (US $3456789, to be precise), which appeared in 2012 and 2016.
Interestingly, the two winners who won the highest price in history are also "anonymous". As for whether they are the same person behind them, it is unknown to the outside world.
In 2017, six bidders of Buffett charity lunch made 41 rounds of bidding, and finally an anonymous winner made a deal at the price of 2.679 million US dollars (about 18.2 million yuan), the second highest price since the auction. In addition, the final auction price of Buffett's charity lunch since 2010 was only less than $2 million in 2013.
According to Forbes, the glide foundation has an annual budget of $18 million, providing more than 750000 meals, emergency shelters for 8500 people, 2600 HIV and hepatitis C tests, and no 450 children have day care or other school programs.
Three Chinese photographed Buffett's lunch
The reporter of the daily economic news (wechat: nbdnews) noted that, in addition to the anonymous buyers this time, among the winners of Buffett's lunch, there are already nine anonymous ones, and the rest are investors, entrepreneurs and fund managers. The famous foreigners who participated in the bidding include David & Middleton; David & Middleton; Einhorn, the manager of greenlight capital fund, who is known as the "Lehman Hunter".
Ted & middot; Weschler, another hedge fund manager, won the 2010 and 2011 bids - spending $5.3 million on two lunches with Buffett. And it seems worth it, too, because that $5.3 million has given him a new job -- Buffett's Berkshire Hathaway company moved to Berkshire in 2011 as the then 50 year old hedge fund manager, Weschler, who now oversees Berkshire Hathaway's investments.
Among the winning bidders, there are three Chinese who have successively become Buffett's guest of honor. They were Duan Yongping, then chairman of Bubugao group, Zhao Danyang, then general manager of chizixin China growth investment fund, and Zhu ye, chairman of Tianshen entertainment. The bid winning prices of the three were 620100 US dollars (2006), 21101 US dollars (2008) and 2345700 US dollars (2015), respectively, and the sum of the three 'meals' reached 5.0759 million US dollars.
Duan Yongping once said, "for an investment scale (Investor) like us, meet him every year and have a chat. You will pay more attention to his investment philosophy and ponder over the things he said. I think it's still very valuable.". '
It is worth mentioning that Duan Yongping also brought Huang Zheng, who was still studying in the United States, to his appointment. Later, Huang Zheng became the founder of pinduoduo, an e-commerce platform.
Zhao Danyang said that during the meal, he asked the God of stocks for some key investment points and recommended Hong Kong stock Wumei business (delisted in 2015), while Buffett responded "go back and have a look". Zhao Danyang's fund held shares in Wumart before the luncheon. After lunch with Buffett, Wumart business soared nearly 24% for four consecutive trading days.
As for Zhu ye, after lunch with Buffett, he told the media that his investment area is relatively focused. 'every time I invest, I only do one or two tracks, and I know it very well. In fact, this is similar to Mr. Buffett's idea. But I prefer the Internet industry, and he prefers the non internet industry. '
In his circle of friends, he wrote with emotion: 'from the road to Jane, it is important to stick to it. '
However, on the evening of May 10, Tianshen entertainment announced that Zhu ye, the chairman and general manager of the company, had received the notice of investigation from the CSRC on May 9. Because of suspected violation of securities laws and regulations, the CSRC decided to put Zhu ye on file for investigation.