Posts Tagged ‘auction’

Buffett is Amazed His Charity Auction Lunch Drew a $2.1M Bid

July 2, 2008

A Chinese investment fund manager’s bid for the chance to have lunch with billionaire Warren Buffett was the largest ever in a charity auction on eBay and surprised even Buffett.

”It kind of blew me away,” Buffett said Tuesday.

Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a bid of $2,110,100.

The Oracle of Omaha said the size of Zhao’s bid doesn’t mean the meal will stretch past the three hours Buffett usually spends with auction winners.

All of the auction’s proceeds go to the Glide Foundation, which provides social services to the poor and homeless in San Francisco. (more…)

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Junk dealer’s $100,000 gold cup found under bed

June 30, 2008

DORCHESTER, England – Englishman John Webber thought nothing of the small, shiny cup, passed down from his junk dealer grandfather and stashed under a bed for years, until appraisers said it was an ancient Persian artifact.

The 5½-inch gold cup, which experts have dated to the third or fourth century B.C., fetched $100,000 at an auction in Dorchester, southern England, Thursday.

The identity of the winning bidder wasn’t immediately known.

The relic features the double faced ancient Roman god Janus, the god of gates and doors who always looked to both the future and past and is often associated with beginnings and endings. The cup has two faces with braided hair and entwined snake ornaments at the forehead. (more…)