Warren Buffett has auctioned lunches, a Cadillac, and even his wallet—with a stock tip inside—for charity.
Girls Inc. is a philanthropy that provides academic support and other services to girls aged 5 to 18 in 350 cities across the country and in Canada. Its goal is to inspire girls to be “strong, smart and bold.”
The bidding will start on Aug. 20 on eBay and conclude on Aug. 30, Buffett’s 92nd birthday. The signed one-of-a-kind Buffett portrait will feature 12 of his quotes. They include: “You can’t make a good deal with a bad person,” “Price is what you pay, value is what you get,” and “Having money makes you rich, having time makes you wealthy.”
The piece is being created by Motiva Art, an Israeli firm that describes its creation as a “new high-tech way to display fine art and philosophy.” The framed wall art, it says, “combines artists’ creations with lighted words spelling out a matching series of inspiring, motivating and provocative quotations that is constantly changing while being viewed. In this case, the artist or creator of the Motiva art is Warren Buffett himself.”
The Motiva piece was displayed at the Berkshire Hathaway annual meeting.
Buffett auctioned a lunch for the GLIDE Foundation, a nonprofit, in June and the winning bid was $19 million. That was the last in a series of annual power lunch auctions for Glide by Buffett that raised more than $53 million for the organization.
In 2015, Buffett auctioned his 2006 Cadillac, with the proceeds going to Girls Inc. The winning bid was $122,500. In 1999, Buffett auctioned his wallet—with a stock tip inside—for $210,000 for Girls Inc. The stock pick, according to an article at the time by The Wall Street Journal, was
First Industrial Realty Trust
(FR), an owner of industrial properties and warehouses. The stock has returned 8% annually since then, a percentage point ahead of the S&P 500 index.
Buffett’s late wife Susan was a Girls Inc. founder and his daughter, Susan, a Berkshire board member, is involved with the organization.
“I’ve been a supporter of Girls Inc. of Omaha for many years. This wonderful organization is creating a brighter future for women and girls,” Buffett said in a statement.