I don't know...didn't last 61st home run stub sell for over $800? I think this one is a little nicer than that one.
Looks to me like e**e wants to be in the lead, and has done "string bidding" to get there, but in both instances continued until taking the lead which is what is within PWCC rules as long as you do indeed take the lead.
I think maybe you've read too many internet bidding conspiracies.