Investing News Blog

Tuesday, September 26, 2006

Warren Buffett's Car Auction

An eBay bidder has bid $73,200 for Warren Buffett's Lincoln Town Car. At almost 5 times the cars resale value it wasn't a bargain but it was for charity so the more money raised the better.

Buffett’s car goes for $73,200 on eBay
"Buffett’s light gold Town Car has just 14,000 miles on it. Buffett said he quit driving it about three months ago when he bought a Cadillac DTS. The Kelley Blue Book retail value of the car is about $15,000.

Bidding started Sept. 13 with an opening bid of $25,000 and closed Friday afternoon. During the auction, 63 bids were placed by 19 people.

Along with the car, the winner will get Buffett’s “THRIFTY” license plate and an engraved plaque bearing the investor’s signature. Buffett also will pick up the winner at the Omaha airport when he or she comes to claim the car." MSNBC

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