OMAHA, Neb. (AP) — An anonymous bidder agreed Friday to pay more than $2.6 million for a lunch with billionaire investor Warren Buffett, offering a final amount after the auction closed that topped last year's bid that set a record for the most expensive charity item ever sold on eBay.

When online bidding ended Friday night, the high bid fell short of the record, standing at $2,345,678. However, organizers say the bidder wanted to spend more to top last year's $2.6 million and settled on a final amount of $2,626,411.

The amount isn't considered a bidding record for eBay's charity auctions because the record total was only surpassed after bidding had closed, eBay spokeswoman Lonnie Shekhtman said.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.