Jim Cramer's Wisdom Is More Valuable Than Ron Perelman's Boat

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Spitzer and Cramer last night. Photo: Patrick McMullan


A quiz: Which is worth more, a three-night, all-paid, all-access, five-star trip to this year's Cannes Film Festival, including an all-you-can-party-with-celebs pass on Ronald Perelman's 188-foot yacht, or, a chance to have dinner with Mad Money moneyman Jim Cramer? The answer: Mad Money, baby. A bidding war erupted last night for the Cramer prize — a chance to have dinner with the investment guru (also a New York columnist) and watch a taping of his CNBC show — at the fund-raising gala New York first lady Silda Wall Spitzer threw last night at Christie's for her charity, Children for Children. Howard Milstein — president of Emigrant Savings Bank, managing partner of Milstein Properties, and, last night, the man sitting at Governor Spitzer's left — won the Cramer night with a bid of $20,000. Perelman's Cannes-party donation — donated anonymously — fared far less well, going for only $12,000 to some guy in the back whose identity we couldn't really figure out. Perelman wasn't there, but somewhere, he must have felt slighted. Adding insult to injury: This auction was in the same room where Perelman's ex, Ellen Barkin, last year hawked all the fancy jewelry he gave her. The price for those? $20.3 million. —Geoffrey Gray