News Digest

Warren Buffett’s £8,000 Cadillac charity auctioned for £80,000

A car owned by Warren Buffett has been auctioned for about 10 times the estimated worth, as the billionaire and philanthropist offered to again help out one of his favorite charities. Buffett put the 2006 Cadillac DTS for sale on the website Proxibid, specifying that the money would be donated to Girls Inc. The car, valued at about £8,000 went for a final bid of £80,000, the Omaha-based auction website said. The buyer’s name was not disclosed.

Girls Inc. has benefited multiple times from auction events championed by Warren Buffett, but the Buffett family’s endorsement of Girls Inc. and its role in the community has been invaluable.

Roberta Wilhelm, executive director of non-profit Girls Inc.

The metallic beige DTS sedan has just 20,310 miles on it — and Buffett’s autograph on the dashboard. Buffett, 84, was the world’s most successful investor of the 20th century and is worth an estimated £50 billion. He has offered to hand over the keys personally to the winning bidder if that person is willing to travel to Omaha to pick up the car. In 2006, Buffett auctioned his 2001 Lincoln Town Car to support the organization and the vehicle sold for over £45,000.