Glide, a charity based in San Francisco, said 10 active bidders kept the price of lunch with Buffett rising during an eBay auction that began Sunday. There were more than 110 inquiries before the bidding closed at 10:30 p.m. Friday.
"We are shouting, dancing, rejoicing and celebrating," the Rev. Cecil Williams, Glide's founder, said in a statement. "We have made history, thanks to Warren Buffett."
Last year's winning bid for lunch with Buffett, the chairman and chief executive officer of Berkshire Hathaway, was $2,626,411 by Ted Weschler, CNNMoney reported. Buffett hired the former managing partner of Peninsula Capital Advisors in September. Weschler had also dined with Buffett in 2010 after winning that auction.
This year's lunch will be at the Smith & Wollensky steakhouse in New York City.