Tags: Warren Buffett | Cadillac | Charity | Auction

Buffett Cadillac Draws $68,000 Bid as Keno Cites Provenance

Friday, 13 Feb 2015 10:36 AM


Warren Buffett’s 2006 Cadillac DTS has drawn a top offer of more than $60,000 in an online auction as the billionaire investor seeks to raise money for a charity that educates and advocates for girls.

Bidding for the shale-colored sedan climbed to $68,000 as of 4:57 p.m. New York time. The event began at 11 a.m. and is set to close on Feb. 19, said Dana Kaufman, a spokeswoman for Proxibid, the website hosting the auction. Proceeds benefit Girls Inc., where Buffett’s daughter Susie is a board member.

Buffett, the second-richest man in the U.S., has autographed the Cadillac on the passenger-side dash, and will personally hand over its keys if the winner travels to Omaha, Nebraska. The car has been driven for about 20,000 miles (32,000 kilometers), and was involved in a 2006 accident that was described at the time as “very, very minor” by a spokeswoman for Buffett.

“In the world of auctions, this is the Cadillac,” Leigh Keno, an appraiser for the PBS show “Antiques Roadshow,” said in a video promoting the auction. “It’s worth something, I’ll tell you. But what’s worth even more is the provenance, the history of ownership. It’s special.”

Girls Inc. operates in U.S. and Canada, helping children explore new educational fields and resist peer pressure. The Omaha chapter — where Buffett’s Berkshire Hathaway Inc. is based — is seeking to raise $18.5 million for a project that will include a health clinic, gym, media center and teen center.

‘Thrifty’ Plate

The billionaire has previously supported the group, whose Omaha chapter was co-founded by his late wife, Susan. In 2006, he auctioned his Lincoln Town Car, with its personalized “Thrifty” license plate, for more than $70,000. In 1999, Buffett donated a 20-year-old wallet that contained a stock tip inside, drawing more than $200,000 in an auction.

“The Buffett family’s endorsement of Girls Inc. and its role in the community has been invaluable,” Roberta Wilhelm, Girls Inc. of Omaha’s executive director, said on the organization’s website.

Buffett, who’s committed almost all of his wealth to charity, made his largest single charitable contribution in July with a $2.1 billion gift to the Bill and Melinda Gates Foundation, and has called on other billionaires to donate most of their fortunes.


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Warren Buffett's 2006 Cadillac DTS has drawn a top offer of more than $60,000 in an online auction as the billionaire investor seeks to raise money for a charity that educates and advocates for girls. Bidding for the shale-colored sedan climbed to $68,000 as of 4:57 p.m....
Warren Buffett, Cadillac, Charity, Auction
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2015-36-13
Friday, 13 Feb 2015 10:36 AM
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