Tulwar Auction!?!@ (in General)

http://carnageblender.com/gc/view-one.tcl?classified_ad_id=89200

$219,949 bid by kevinLeong (--kevinLeong--) on 7:08 PM EST
$209,475 bid by QBOddBird (Bridgeburners) on 7:06 PM EST
$200,000 bid by kevinLeong (--kevinLeong--) on 6:55 PM EST
$190,000 bid by Zoglog (Elven_Kings) on 7:05 PM EST
$152,759 bid by Tyriel (Zed) on 6:38 PM EST
$150,000 bid by kevinLeong (--kevinLeong--) on 5:20 PM EST
$109,283 bid by Tyriel (Zed) on 6:37 PM EST
$99,123 bid by Zoglog (Elven_Kings) on 5:47 PM EST

What's going on with this auction? Am I missing something huge, or are these guys paying huge amounts for a really crappy item?

http://www.carnageblender.com/bboard/q-and-a-fetch-msg.tcl?msg_id=00230E umm maybe this is why

Nope, I've just lost my mind!

Haha, that's a really cool contest!
Thanks for the heads up TBH Jail House Gabber :)

Nothing has changed, I just want a Tulwar although the nearly 300k is better ;P