Someone has reportedly bid $351,100 to have lunch with billionaire investor Warren Buffett, the so-called "Oracle of Omaha."

There were 110 bids in the eBay auction, which started at $25,000 on June 23.

The winning bidder, along with seven friends, win a lunch with Buffett in Omaha or New York at a mutually agreeable date, time, and restaurant.

The winner's name has not yet been released.

Proceeds go to the Glide Foundation, which provides social services to the poor and homeless in San Francisco.

Buffett, worth an estimated $44 billion, suggested the lunch auction as a way to raise money for the foundation.

Buffett is chairman and chief executive of Berkshire Hathaway Inc., based in Omaha.