Billionaire investor Warren Buffett is auctioning a lunch on eBay for the third straight year.
Proceeds from the auction, which runs from June 23 to 30, will benefit the Glide Foundation, a San Francisco non-profit organization that offers programs for the poor, hungry and homeless. Glide announced plans for this year's auction today.
Last year's winner agreed to pay $202,100 to dine with the world's second-richest person, while the previous year's winner agreed to pay $250,100. This year's bidding will start at $25,000.
As in prior years, Buffett will host the winner and seven friends. The lunch will be held either in Omaha, Nebraska, where Buffett lives and works, or in New York.