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| One-fifth off for Buffett lunch | One-fifth off for Buffett lunch |
| (about 8 hours later) | |
| A chance to have lunch with investor Warren Buffett has been sold for $1.68m at a charity auction - 20% down on last year's winning bid of $2.1m. | A chance to have lunch with investor Warren Buffett has been sold for $1.68m at a charity auction - 20% down on last year's winning bid of $2.1m. |
| The online eBay auction saw a sudden final spurt, as in previous years, with bids rising from $810,000 in two hours. | The online eBay auction saw a sudden final spurt, as in previous years, with bids rising from $810,000 in two hours. |
| The auction, in its 10th year, raises money for the Glide Foundation, which offers social services for San Francisco's homeless and poor. | The auction, in its 10th year, raises money for the Glide Foundation, which offers social services for San Francisco's homeless and poor. |
| Despite the economic downturn, this year saw the second-highest bid ever. | Despite the economic downturn, this year saw the second-highest bid ever. |
| The winner - whose name has not yet been announced - is able to take up to seven friends to have lunch with Warren Buffett - the world's second richest person - at Smith & Wollensky's steakhouse in New York. | The winner - whose name has not yet been announced - is able to take up to seven friends to have lunch with Warren Buffett - the world's second richest person - at Smith & Wollensky's steakhouse in New York. |
| Last year's winner, Hong-Kong based investor Zhao Danyang who runs the Pureheart China Investment Fund, had his lunch with Mr Buffett on Wednesday. | Last year's winner, Hong-Kong based investor Zhao Danyang who runs the Pureheart China Investment Fund, had his lunch with Mr Buffett on Wednesday. |
| In May Mr Buffett's investment firm Berkshire Hathaway saw its first loss in eight years, following a badly-timed purchase of oil stocks. | In May Mr Buffett's investment firm Berkshire Hathaway saw its first loss in eight years, following a badly-timed purchase of oil stocks. |