back to the original question from Ariel.
Please bear in mind these are auctions where also live floor bidders are involved. Things can go pretty wild at auctions.
You only need 2 persons with enough cash and a certain object in mind to have this happening. I have seen objects going away at more than 10 times the realistic value where even the auctioneer was openly amazed and shaking its head over the price that was bid.(and he was getting 25% of it both ways

)
This does not mean we are all stinking rich (yet).
But being able to spent money on old iron objects without any real purpose than to fill the empty space in my oversized house.
Yes, that can be considered rich.
By the way, nice bamboo container Ben !