Zhao ready for luncheon date with Warren Buffett

While most people are curious to see whether the economic turmoil would have its impact on legendary investor Warren Buffett's lunch auction this year, last year's winner Zhao Danyang is scheduled to collect his prize by dining with Buffett on Wednesday.

Zhao, who runs Hong Kong-based Pureheart China Growth Investment Fund, spent about $2.11 million last June to win a chance to dine with Buffett this year. The previous record was $650,100.

As in recent years, the auction winner and up to seven friends may dine with Buffett at the Smith & Wollensky steakhouse in New York.