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Auction to Have Coffee with Apple CEO Tim Cook Approaches $600,000

UPDATE: Despite an estimated value of $50,000 the auction has now blown past $500,000 with 18 days still left to bid.

Folks have the opportunity to enjoy a coffee with Tim Cook, the chief executive officer of the world's largest technology company, at Apple's headquarters in Cupertino.

But if you think Starbucks' lattes are expensive, wait till you see the price tag for this little shindig: $180,000 and climbing.

The auction, being held on CharityBuzz, will see the enormous proceeds benefitting the RFK Center for Justice and Human Rights. The coffee with Cook started at a modest $5,000, but after more than 50 bids, the price has approached $200,000 with nearly three weeks left.

Unfortunately, there are some pretty hefty restrictions on the deal: "The winner cannot blog, social network, talk to press, write about, take pictures or record during the experience in any way," reads the auction's legal terms, among other limitations. The experience will last for "30 minutes to one hour."

In 2012, Tim Cook was named a runner-up to TIME's Person of the Year and topped Vanity Fair's New Establishment list. Before being named CEO in August 2011, Tim was Apple's chief operating officer and was responsible for all of the company’s worldwide sales and operations. He also headed Apple's Macintosh division. Tim earned an MBA from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science degree in Industrial Engineering from Auburn University.



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