Warren Buffett’s car gets no early auction bids

Published September 14th, 2006


The charity auction for the billionaire investor and philanthropist’s 2001 Lincoln Town Car on eBay Inc.’s Web site opened Tuesday at 6 p.m. EDTwith a starting bid of $25,000. By 1 p.m. Wednesday, no bids had been placed.

Buffett is auctioning the car to benefit Girls Inc., a New York-based group that offers educational and recreational programs for girls ages 6 to 18.

Daughter Susan Buffett sits on the board of the nonprofit, which works with girls largely in high-risk, underserved areas such as some inner cities.

The auction’s slow start contrasts with an eBay-hosted auction in June for a steakhouse lunch for up to eight people with Buffett, the chairman of Omaha, Nebraska-based holding company Berkshire Hathaway Inc..

Bids in that auction quickly reached six figures and topped out at $620,100. Proceeds benefited the Glide Foundation, a San Francisco charity serving the poor, hungry and homeless.

The Signature series Town Car has a light gold exterior and 14,000 miles on the clock. That model in outstanding condition might sell for close to $13,000 in a private transaction in Omaha, according to Edmunds.com.

Buffett stopped driving the car last spring when he bought a Cadillac DTS.





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