A winning eBay bidder and up to 7 of their friends will be having a 3 hour lunch with Warren Buffett at the Smith & Wollensky Restaurant in New York. The price ($1.6 Million) does not include travel, accommodations, or gratuity… But, some still think this years lunch (with Warren) winner still got a bargain.

While the most expensive lunch item on Smith & Wollensky’s menu is only $59, for the Australian lobster tail. The $1.6 Million winning bid (which is donated to charity) appears to be a good deal compared to last years top bid.

According to James Massey, publisher of www.WhatSellsBest.com, a website which tracks the current Top 20 best selling eBay items. “Last years winner paid $2.1 Million, so it appears this years winner got their lunch at a discount”

All proceeds (From the winning bid) are being donated to The Glide Foundation a San Francisco based charity.

Posted: 06|27|09 at 3:46 pm. Filed under: Auction News.