The charity event "Lunch with Buffett" by Warren Buffett (95), chair of the board of Berkshire Hathaway, known as the "sage of investing," sold at auction for about 10 billion won.
According to Reuters, on the 15th (local time) the charity auction held on eBay ended the previous day with the "Lunch with Buffett" opportunity selling for $9,001,00 (135 billion won). The winner was not disclosed.
This event returned after four years. Warren Buffett had donated the auction revenue each year since 2000 to the San Francisco anti-poverty group Glide Foundation, but stopped after 2022.
The final auction in 2022 fetched $19 million (about 28.5 billion won), a record high. The cumulative amount raised so far tops $50 million (about 75 billion won).
This year's "Lunch with Buffett" is scheduled for June 24 in Omaha, Nebraska, near Berkshire's headquarters and Buffett's home.
This year's event revenue will go not only to the Glide Foundation but also to the Eat. Learn. Play. Foundation, a charity founded by NBA Golden State Warriors star Stephen Curry and his spouse, Ayesha Curry. Stephen Curry and his spouse are expected to join the lunch with Buffett on the day of the event.
Meanwhile, Warren Buffett stepped down as Berkshire chief executive officer at the end of last year and handed management to Greg Abel. He remains chair of the board and is still involved in investment decisions.
According to Berkshire Hathaway's recently filed holdings report (Form 13F), the company held Delta Air Lines equity worth about $2.6 billion (about 3.9 trillion won) as of the end of the first quarter. Berkshire previously invested in airline stocks but sold all holdings after the 2020 pandemic.
It also newly added Macy's shares worth about $55 million (about 82.445 billion won). It reported purchasing about 40 million additional shares of Alphabet, Google's parent company. Berkshire has expanded its investment in Alphabet since last year ahead of Buffett's retirement as CEO.
Warren Buffett has invested based on a "value investing" philosophy and, aside from Apple, has remained cautious about investing in tech stocks.