Anonymous bidder pays more than $600,000 for coffee with Tim Cook

By on May 16, 2013, 7:30 AM

An anonymous bidder has paid more than $600,000 to have coffee with Apple CEO Tim Cook. The opportunity, which will take place at Apple headquarters in Cupertino, comes as part of a charity auction hosted by Charity Buzz.

The winning bid came just minutes before the auction closed at 4 pm ET on Wednesday. In total, 86 bids were placed for the opportunity with a majority of them coming from companies that already do business with Apple or those that are hopeful of securing business ties with Cupertino.

The anonymous winner is allowed to bring along one guest, we’re told. Furthermore, they are required to sign a nondisclosure agreement and cannot tweet or liveblog during the meeting. The winning bidder and their guest will also be subject to a security screening.

Interestingly enough, the site valued the meeting at just $50,000 – they were just a bit off with that estimate. That’s a very good thing, however, as proceeds from the auction will benefit the RFK Center for Justice and Human Rights. The winner is responsible for paying for their own travel and lodging accommodations which, after shelling out $610,000 for the meeting, is just a drop in the bucket at this point.

One might think that 600k is an astronomical amount of money to pay for a brief meeting but in the business world, it’s actually a pretty solid deal. Just last year, someone paid $3.4 million to have lunch with billionaire investor Warren Buffett.




User Comments: 31

Got something to say? Post a comment
2 people like this | Guest said:

Definition of more $$ than sense....

Only in Apple land

cliffordcooley cliffordcooley, TechSpot Paladin, said:

Only in Apple land
Apple is not the only business, didn't you read the last paragraph?

1 person liked this | MilwaukeeMike said:

Only in Apple land
Apple is not the only business, didn't you read the last paragraph?

It's a charity thing... some extremely rich people give tons of money to charity anyway, may as well get something cool out of it for a change.

Chazz said:

I guess no one has heard of rapport and how important it is to build it in the business world. But most times it's impossible to even get into a situation that would allow you to even try, with the more "important" folks.

NTAPRO NTAPRO said:

3.4 million O_o

I underestimated the time is money phrase

cliffordcooley cliffordcooley, TechSpot Paladin, said:

It's a charity thing... some extremely rich people give tons of money to charity anyway, may as well get something cool out of it for a change.
This was not a charity, if it was there would not have been bidding involved. What pisses me off is how many work 10 years and never earn the equivalent to what was squandered away in one event. If there was anyone ever worthy of having their money taken from them, it would be those who do this kind of crap.

Skidmarksdeluxe Skidmarksdeluxe said:

This anonymous sucker really slipped up. I only charge $450,000 a pop. $500,000 if I have to pay for the coffee. Next time he'll ask me first.

MilwaukeeMike said:

It's a charity thing... some extremely rich people give tons of money to charity anyway, may as well get something cool out of it for a change.
This was not a charity, if it was there would not have been bidding involved. What pisses me off is how many work 10 years and never earn the equivalent to what was squandered away in one event. If there was anyone ever worthy of having their money taken from them, it would be those who do this kind of crap.

Are you serious? Auctions are used by charities all the time. The group hosting the auction asks for donations from businesses, and companies donate things like gift cards, or rounds of golf, or electronics etc, and then people can bid on them. Sometimes it's a silent auction, sometimes not, but it's done all the time. The donating company gets a tax write-off with advertising, the charity gets the cash, and the winning bidder gets the tax write-off and the item they won.

Google 'Charity Auctions' one of the hits on the first page is to the IRS page explaining how to handle them for taxes purposes.

VitalyT VitalyT said:

Must be some good coffee... Kopi Luwak, I reckon... For the ones missing on the irony, see movie The Bucket List.

Guest said:

I bet it was Bill Gates. That way they can share memories of Steve.

Guest said:

Maybe it was N.Korea's president - he probably wants an app for communism.

JC713 JC713 said:

If this was Steve jobs I would shell out a few hundred bucks, that is it though.

General Sam General Sam said:

3.4 million, wow I wouldn't need to ever work again but instead its spent on a few hours having lunch with someone.

1 person liked this | Guest said:

1. "So Tim, can you explain Planned Obsolescence to me?"

2. "Why don't you just make one phone to rule them all instead of one every 10 months?"

3. "Does Apple care about electronic waste and landfill in any way other than fluffy statements?"

1 person liked this | Guest said:

4. "Why does the worlds biggest manufacturer of electronic landfill have a misleading healthy sounding name like APPLE?'

cliffordcooley cliffordcooley, TechSpot Paladin, said:

Are you serious?
Yes I am.

Guest said:

Serious, but still wrong. If you clicked the "Charity Buzz" link in the article, you'd see:

"Proceeds Benefit: The RFK Center for Justice and Human Rights"

So charity auctions are real, whether or not you choose to believe they exist.

Camikazi said:

It's a charity thing... some extremely rich people give tons of money to charity anyway, may as well get something cool out of it for a change.
This was not a charity, if it was there would not have been bidding involved. What pisses me off is how many work 10 years and never earn the equivalent to what was squandered away in one event. If there was anyone ever worthy of having their money taken from them, it would be those who do this kind of crap.

Umm, lots of charities have auctions on big things to bring in more money and if you check their site Charity Buzz donates the money to charities. Charity Buzz just specializes on celebrity auctions and the money made goes to charities of b=different kinds.

Chazz said:

3.4 million, wow I wouldn't need to ever work again but instead its spent on a few hours having lunch with someone.

So they can make MORE money.

cliffordcooley cliffordcooley, TechSpot Paladin, said:

Umm, lots of charities have auctions on big things to bring in more money and if you check their site Charity Buzz donates the money to charities. Charity Buzz just specializes on celebrity auctions and the money made goes to charities of b=different kinds.

Say whatever you want, I will maintain my opinion that charities and auctions are two different events. The fact that they are combined into the same cause is irrelevant. If you have to auction off anything, then it really isn't a true charity is it, it's more of a sales event. But this has nothing to do with my primary standing on the issue. Anyone with enough money to purchase an auction item or give as a charity (especially if it's in the millions), deserve to have their money taken from them. But yet if you increase their taxes they scream bloody murder. And if you are going to argue that our taxes are not being spent properly, well thats a whole new conversation. The guy at the bottom is being taxed to the point they can't afford to give to charity, why not the guy at the top as well?

MilwaukeeMike said:

Say whatever you want, I will maintain my opinion that charities and auctions are two different events. The fact that they are combined into the same cause is irrelevant. If you have to auction off anything, then it really isn't a true charity is it, it's more of a sales event. But this has nothing to do with my primary standing on the issue. Anyone with enough money to purchase an auction item or give as a charity (especially if it's in the millions), deserve to have their money taken from them. But yet if you increase their taxes they scream bloody murder. And if you are going to argue that our taxes are not being spent properly, well thats a whole new conversation. The guy at the bottom is being taxed to the point they can't afford to give to charity, why not the guy at the top as well?

It's not a sales event, they auction things that were donated specifically TO auction and then they give the money to charity. However, if you want to deny that charity auctions exist, there's not much we can do to convince you otherwise.

Also, there's a pretty big difference between a rich person getting taxed and a rich person spending their money on an overpriced charity item. That difference is choice. If you can't see that difference, then perhaps the reason is because you feel that a persons earnings belong to the govt, and what we don't pay in tax is just what they let us keep. I believe what I earn is mine and the govt requires me to give some of it to them for the benefits they provide me with from my taxes. Hence, charity = choice, taxes = no choice.

And that guy at the bottom pays too much tax to give to charity, and yet they somehow always find money for lottery tickets. Either way, it's their choice and none of my business. I won't try to convince you that rich people pay more in taxes than poor people... you have access to the internet.

cliffordcooley cliffordcooley, TechSpot Paladin, said:

I won't try to convince you
And I won't try to convince you that everyone should be treated equally. Equally as in the same amount of income.

MilwaukeeMike said:

And I won't try to convince you that everyone should be treated equally. Equally as in the same amount of income.

Ah... now you're just trolling.... ya had me going there for a minute

1 person liked this | Guest said:

With that price, will there be sex involved?

cliffordcooley cliffordcooley, TechSpot Paladin, said:

Ah... now you're just trolling.... ya had me going there for a minute
If I were trolling I would have responded to your comment with more words as I see them as non-sense.

captaincranky captaincranky, TechSpot Addict, said:

If I were trolling I would have responded to your comment with more words as I see them as non-sense.
You realize of course that the first sign of anything is denying it. For example shouting , "I'm not crazy", means you are. So it follows the shouting, "I'm not trolling", means you were caught at it...LOL:p

St1ckM4n St1ckM4n said:

Some posters obviously have no idea on the value of things in the world. $600,000 is chump change if it will get you an extremely rare 1-on-1 talk with the CEO of a company you want to invest in you.

1 person liked this | cliffordcooley cliffordcooley, TechSpot Paladin, said:

Some posters obviously have no idea on the value of things in the world. $600,000 is chump change if it will get you an extremely rare 1-on-1 talk with the CEO of a company you want to invest in you.
The fact that what you say is likely true, is what is pathetic. People have 1-on-1 talks all the time for free. The fact that anyone would charge is ridiculous, and the fact that anyone would actually pay makes it even worse. But thats just how sad our culture is. The idea that we have so many who worry from year to year about loosing it all, and at the same time seeing people piss it away for a cup of coffee.

St1ckM4n St1ckM4n said:

The fact that what you say is likely true, is what is pathetic. People have 1-on-1 talks all the time for free. The fact that anyone would charge is ridiculous, and the fact that anyone would actually pay makes it even worse. But thats just how sad our culture is. The idea that we have so many who worry from year to year about loosing it all, and at the same time seeing people piss it away for a cup of coffee.

Yup, such is the state of our world. 1%, yo.

avoidz avoidz said:

That's an expensive threesome.

captaincranky captaincranky, TechSpot Addict, said:

That's an expensive threesome.
Maybe forr 600 grand, that bidder should have had the opportunity to accompany Tim Cook to the US Senate and help him with his testimony regarding Apple's hiding its assets in Ireland to avoid paying US corporate taxes.

Then he had to hubris to say "US corporate taxes are too high". Just leave that zipper open Timbo, and get two "bodyguards" to push them around in a wheelbarrow for ya.

Just think "brunch" with Timmy in a senate hot seat, it doesn't get any better than that....

Load all comments...

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.