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Bids for Lunch With Warren Buffett Top $350,000 in One Day


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NEW YORK (TheStreet) -- Bidding for the 15th annual GLIDE Foundation Warren Buffett lunch auction has already topped $350,000 -- just one day after starting at $25,000.

VIDEO TRANSCRIPT:

Always wanted a sit-down with the Oracle of Omaha? Now's your chance, but it will cost you.

The 15th annual GLIDE Foundation Warren Buffett lunch auction has officially gotten underway. Bidding started at $25,000 on June 1 and hit six figures within an hour. At last check, the top bid rings in at $350,300.

The winner will receive a lunch with Buffett and up to seven friends at Smith & Wollensky in New York. All proceeds from the auction will go to GLIDE, a San Francisco charity that works for the poor and homeless.  Buffett's first wife, Susie, had been a volunteer for the charity, for which he has raised nearly $16 million since 2000. The lunch has been auctioned off for as little as $25,000 and as much as $3.4 million in 2012.

As chairman and CEO of Berkshire Hathaway (BRK.A - Get Report), Buffett has business ties to San Francisco as well. Berkshire Hathaway owns Business Wire and See's Candies, both of the Bay Area.

You'll have to pre-qualify if you'd like to bid for the lunch. The auction ends Friday evening. 

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

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