Warren Buffett is known mostly for his immense wealth, but it’s his unexpected frugality that really catches most people’s attention. Not long ago, Buffett replaced his Cadillac DTS with a newer XTS, a humble choice for one of America’s most successful investors. That left Buffett wondering what to do with his old car, and it appears he’s now found a solution.
Buffett will auction off his 2006 DTS in support of Girls Incorporated of Omaha. Buffett’s first wife Susan was one of the founding members of the Omaha chapter, and his daughter Susie currently serves on the board for Girls Inc. His car should net the non-profit a considerable amount of funding, considering the last vehicle he auctioned off, his personal Lincoln Town Car, sold for $70,000. The DTS is only valued at about $12,000, but its celebrity status should drive the value up when it hits the auction block.
General Motors CEO Mary Barra was the one that first uggested Buffett replace his old DTS with the XTS. Barra and him were riding together when they got to talking about Cadillac’s new cars, at which point Barra channelled her inner saleswoman.
“I said ‘Does the new Cadillac have anything this one doesn’t?'” Buffett told CNN Money. “And we were driving to lunch downtown so she only had 8 minutes and she sold me a new car!”
The DTS, complete with Buffett’s signature on the dashboard, can be bid on at this link. The auction will be active from February 11-18.
Comments
I hope he kicks in a little more. I would not give you $12K in the first place for this and I would add nothing because it was Buffets car.
Lets face it this is not like it is Burt Reynolds Trans Am here.
Im confused by the pic saying the DTS will be discontinued this year I thought it had already been discontinued. But any donation to charity is nice idk what the guy above me problem is, I guess he should just go ahead and donate $25,000 to the charity since theres a minimum
Matt there is no problem a donation is fine but I just don’t see any real value in owning Warren Buffets old Cadillac.
Sorry I am just not a Warren Buffet fan. Jimmy yes Warren no. By the way Jimmy has a real bad ass El Camino that would be worth a good donation.
The Bottom line if you want to give money to a charity give it willfully of the goodness of your heart but you can keep the Cadillac or give it to a charity that could use it.
Warren does a lot of good things in public but he does a lot of back room deals that also hurt a lot of people. I know it is just business and that is fine but don’t give me shit and call it shinola.
Many other people donate more and don’t demand head lines.