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Buffett Auctions Personal Tour of See's Candy Factory

By Justin Loiseau – Jul 29, 2013 at 5:40PM

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The Oracle of Omaha has a sweet tooth.

Warren Buffett may be the Oracle of Omaha, but he's heading to L.A. to take up to four people on a tour of Berkshire Hathaway's (BRK.B -0.57%) (BRK.A 0.01%) See's Candy Factory. It's all-you-can-eat, and it's for charity.

The offer is currently live on's auction-based website, and bidders have 15 days to make their proposals. The website estimates the value of the half-day tour at $75,000, and eight bidders have already pushed the price up to $35,000 at the time of writing.

Buffet bought the candy company from the See family in 1972, making this the 41st year of Berkshire Hathaway's ownership. Proceeds from the auction will benefit "Communities in Schools -- Los Angeles," a nonprofit organization focused on providing students with the support they need to complete their studies and succeed in life.

The posting says that on the tour the Buffett will "demonstrate the only acceptable way to eat a bonbon." The tour date is subject to Buffett's schedule but likely to occur in February or March.

For more than a decade, the only time Buffett auctioned off a chance to meet with him was the lunch auction that helps fund the Glide Foundation's efforts to help the poor and homeless in San Francisco.

The winner of this year's lunch auction paid $1,000,100. That's a bargain compared to the previous five years when the winning bids all topped $2 million, including the record 2012 bid of $3,456,789.

-- Material from The Associated Press was used in this report.


Fool contributor Justin Loiseau owns shares of Berkshire Hathaway and eats lots and lots of chocolate. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS @TMFJLo.

The Motley Fool recommends and owns shares of Berkshire Hathaway. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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