Wall Street Wonderland

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Wednesday, August 23, 2006

Driver Wanted: Buffett Takes Bids For His Old Car

Warren Buffett, the world's nonpareil philanthropist, redefines eBay's definition of a "powerseller". The Nabob of Nebraska, the Oracle of Omaha--who has auctioned annual power lunches to benefit the Glide Foundation, a San Francisco nonprofit that offers programs for the hungry and homeless, is to take bids for his old car.

The frugal Nebraskan, who now owns a Cadillac, has decided upon a starting bid of $25,000 for the four-door, 2001 Signature Series Lincoln Town Car, which has fewer than 14,000 miles on the odometer and boasts a light-parchment gold exterior, a light beige interior, an etched brass plaque bearing the investor's signature and a personalized "Thrifty" number plate.

The proceeds of the auction will benefit the programs of Girls Inc., an New York-based nonprofit which focuses on science, math, and technology, health and sexuality, economic and financial literacy, sports skills, leadership and advocacy and media literacy for girls ages 6 to 18 throughout the U.S. and Canada.

http://www.forbes.com/2006/08/22/buffett-car-ebay-cx_cn_0822autofacescan02.html

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