Wow. I thought it was fake bid with the winner not intending on paying, but I looked at the bidding history and it was a legitimate gradual bidding war. There's a list of people who would have paid hundreds for it! Those guys ARE crazy!
I'm into militaria and often see crazier things. I'se seen upwards of 2 thousand dollars (and once 5 freakin thousand dollars!) for a rare patch. A piece of cloth and cotton.