How does anyone know that this is a fair auction. As much as the users may be hated or disliked, I still don't believe in companies or corporations taking advantage of people like this to make a cheap buck.
Who's to say that every bid in the auction is being artificially raised by a company rep and no matter what amount anyone comes up with, the owner will just keep raising it until they find a really high value.
Shitty situation all around and as much as they are not liked, I wouldn't want anything like this happening to any honest instance out there.