Signed portrait of Warren Buffett fetches $75,100 at auction

Berkshire Hathaway Chairman Warren Buffett walks via the exhibit corridor as shareholders collect to listen to from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder assembly in Omaha, Nebraska, U.S., Might 4, 2019. REUTERS/Scott Morgan

Aug 31 (Reuters) – A signed portrait of Warren Buffett fetched $75,100 at public sale, with proceeds to learn a hometown charity that the billionaire investor has lengthy supported.

The public sale concluded on eBay on Tuesday night time, Buffett’s 92nd birthday. The winner was not instantly recognized.

Created by Motiva Artwork, the high-tech portrait options rows of letters that gentle as much as spell quotations attributed to Buffett, comparable to “Girls make me optimistic about America.”

It was displayed in April on the annual shareholder weekend of Omaha, Nebraska-based Berkshire Hathaway Inc (BRKa.N), the place Buffett is chairman.

Proceeds will profit Ladies Inc of Omaha, which gives instructional and leisure alternatives to women from lower-income neighborhoods.

Buffett’s daughter Susie has lengthy labored with the group’s nationwide group, which serves greater than 350 cities in the US and Canada.

Whereas substantial, the $75,100 prime bid fell far wanting the $19 million that somebody agreed to pay at public sale in June for a non-public lunch with Buffett. learn extra

Proceeds from that public sale benefited San Francisco’s Glide, which helps the poor, the homeless and substance abusers.

Buffett has auctioned a number of gadgets to learn Ladies Inc.

One other portrait of him painted on the 2008 Berkshire shareholder weekend offered for $100,000. It was moved 5 years later to the College of Nebraska at Omaha’s enterprise college.

In 2015, Buffett auctioned his 2006 Cadillac DTS sedan, together with his autograph on the dashboard, for $122,500.

And in 2018, Ladies Inc obtained about $2.2 million after Buffett received a guess {that a} Commonplace & Poor’s 500 (.SPX) index fund would outperform a basket of hedge funds over 10 years.

Buffett is freely giving practically all of his fortune. He was price $99.4 billion on Tuesday, Forbes journal stated, regardless of having donated greater than half of his Berkshire inventory since 2006.

Reporting by Jonathan Stempel in New York; enhancing by Jonathan Oatis

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