OK, let's think about this. I believe the reserve is $2,500...
"What is the Reserve price? This amount is the lowest winning bid the Seller will accept for the domain name. The Seller establishes this figure when he or she lists a domain name for auction."
So the first bid would not be (much) higher than the reserve?
If the first bid is around $2,500 and there are only two bids... would anyone bid over $400,000 to follow up a bid of $2,500? I guess they *might*, but I sure would not...
I do not want to jump to conclusions here, but it looks odd to me.