Michael Israel's portrait of Warren Buffett on display at the Berkshire Hathaway Shareholders Meeting in Omaha on May 3, 2008
Online bidding has just gotten underway for a 36-square-foot portrait of Warren Buffett speed-painted at this year's Berkshire Hathaway Shareholders Meeting in Omaha.
The minimum starting bid for the EBay auction: $100,000.
After the first 15 minutes tonight (Monday), there are no offers to buy at that price.
Anyone who does want to place a bid will have to be pre-qualified.
While it took less than 10 minutes for performance artist Michael Israel ("Art In Concert") to create the painting, the auction will run for 10 days, ending at 8p ET on Thursday, November 20.
Warren Buffett autographs his portrait.
Proceeds go to Girls Incorporated of Omaha, a group that works to "inspire all girls to be strong, smart, and bold."
The painting has been signed by both the artist and Buffett.
Will this auction generate anything close to this year's $2,110,100 winning bid for a lunch with Buffett? That seems extremely unlikely, especially in today's increasingly tight financial environment.
We'll let you know how it turns out. In the meantime, here's a live update from EBay To Go:
Current Berkshire stock prices:
Class B: [US;BRK.B 3539.0 -147.00 (-3.99%) ]Related Links
Political Animal - New Zealand Politics
Share Investor Blog - Stockmarket & Business commentary
Share Investor New Zealand Business News- Get more business news
Shareinvestorforum.com - Discuss this topic further
The Partnership: The Making of Goldman Sachs by Charles D. Ellis
Buy new: $25.05 / Used from: $24.32
Usually ships in 24 hrs
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Buy new from $19.25 @ Amazon.com