Warren Buffett's Cadillac goes up for auction

February 17, 2015 08:54 AM

Warren Buffett was a force to be reckoned with in business by the time he was a teenager. Although he's now in his 80s, he remains on of the biggest and most powerful figures in the world. While many aspire to be just like this tycoon, his are mighty big shoes to fill - and it may be easier for people to drive like him, instead. 

Saying goodbye to a Cadillac
In most instances, a used 2006 Cadillac DTS going on the market isn't headline news. But when that car was once owned by Warren Buffett and is being auctioned by the businessman for charity, the story changes. 

Buffett recently teamed up with the organization Girls Inc. of Omaha to auction his 2006 Cadillac DTS. All proceeds will go to the charity, and the final bid will likely be quite a sum, as Buffett even autographed the vehicle's dashboard. He also offered to meet the winner of the auction and hand over the keys, provided whoever submits the top bid doesn't mind trekking to Nebraska to pick up the ride. 

According to The Wall Street Journal, the vehicle only has 20,310 miles on it - a relatively low total for an 8-year-old car. And because Buffett has plenty of money to spend on vehicle maintenance, there's a good chance this Cadillac runs just as well as it did when he bought it. It's even survived an accident. The source noted that its history includes a fender-bender in 2006, but Buffett sprung for the auto repair and continued driving it until 2014. 

A history of philanthropy 
Buffett has made billions of dollars throughout his illustrious career, and he has given a lot of that money back to the community. That reputation grew exponentially when he announced in 2006 that his entire fortune would be donated to charity. With an estimated total of about $62 billion, it's on pace to be the largest donation in U.S. history - but with Buffett, it's just the tip of the iceberg. His relationship with Girls Inc. is proof of that. 

"We are honored to have the opportunity to work with Girls Inc. and Mr. Buffett to raise funds for this important organization in our community," said Ryan Downs, President and CEO of Proxibid. "Proxibid is committed to connecting buyers with unique items, like Mr. Buffett's Cadillac. Buyers from across the globe can log on and participate in this auction, and help to contribute to the success of Girls Inc." 

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