Singapore's Andy Chua snags the right to dine with Warren Buffett with $2.7 million bid

NEW YORK - Singapore's Andy Chua has won the right to dine with the world's third-richest man Warren Buffett, news reports said on Saturday.

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June 7, 2014

Mr Chua put up his winning bid of about US$2.2 million (S$2.71 million) on eBay to have lunch with investment guru, Mr Buffett, reported the Omaha World-Herald, which is owned Berkshire Hathaway Inc, where Mr Buffett is Chief Executive.

The five-day auction attracted 12 bidders who made 121 bids.

Bidders had to put in a minimum bid of US$25,000, and had to be certified as legitimate by the auction company.

Mr Chua's winning bid - a grand total of US$2,166,766. Little else is known about him.

He and 7 others will get to meet Mr Buffett in Manhattan for lunch at Smith & Wollensky,  a 10-restaurant chain of steakhouses with small-batch bourbons and deep-polished wood. A shrimp cocktail there costs about US$20 and the long bone rib-eye close to US$70.

Bloomberg News reported that Chua was the 12th and final hopeful to bid with less than 10 minutes to go in the auction Friday evening. 

Proceeds from the auction, which surpassed US$1 million on Wednesday, will go to the Glide Foundation, a nurse-staffed medical clinic, a shelter and a soup kitchen serving three meals a day.