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OMAHA, Neb. (AP) — The price of a private lunch with Warren Buffett is already near $1.6 million, and the price is likely to grow before the auction wraps up Friday evening.

The Glide Foundation uses the auction proceeds to help the poor and homeless in San Francisco and hopes the bidding will reach record levels.

But the bid remains well below the 2012 winning bid of $3,456,789, which remains the most expensive charity item ever sold on eBay. Last year’s winning bid was $2,166,766.

Many people want Buffett’s advice because the 84-year-old is revered as an investor and philanthropist. Buffett is chairman and chief executive of Berkshire Hathaway.

The lunch auction has raised $17.9 million for Glide over the past 15 years.


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