Salida Capital Spends About $1.68 Million On eBay To Have Lunch With Warren Buffett
Warren Buffett auctioned a lunch on eBay recently. The proceeds of the auction would go to charity. Initially the winning bidder remained anonymous, but now it has been revealed that Canadian wealth management firm Salida Capital was the winner. The Salida CEO and several other employees will be sharing the lunch which the firm’s partners bought for $1.68 million and 300 dollars.
“We think we will be able to gain invaluable insights from his years of experience and current insights and perspectives,” stated Salida CEO Courtenay Wolfe. “We think lunch with Warren is going to be a once in a lifetime experience.”
The problem with the lunch is that it may take a year to get on Buffett’s calendar. Salida’s decision to bid on the lunch was at the last second. The company bid $100 more than the next highest bidder. The donation will be going to the San Francisco Glide Foundation.
[via WSJ]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry