You Can Now Bid on a Lunch With Warren Buffett

Jun 05, 2017

In a matter of seconds, the cost of lunch with Berkshire Hathaway CEO Warren Buffett ballooned to $1 million—and the price has until the end of the week to rise.

For the 18th year in a row, Buffett will have lunch with the highest bidder. The proceeds will go to a charity for the homeless of San Francisco, the Glide Foundation.

Bidding first opened up Sunday around 7:30 p.m. PT. Moments later, at 7:31 p.m., the bid had already hit $1 million. The auction ends Friday, at 7:30 p.m. PT.

The lunch will be held at the Smith & Wollensky steak house in New York City. The winner is allowed to invite up to seven guests.

Last year, the bid's winner paid $3.4 million for the honor of dining with the CEO. In total, Buffett has helped raise about $23.6 million in past auctions.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions