That would have cost a lot to get that amount of bids. They might have done better to keep them lower so they didn't flaunt it on trending for all to see. Had it just been valued at around $50, the chances are that it wouldn't have been noticed and looked at and people wouldn't being flagging it for being over valued crap.
So their advising guru didn't advise very well.
No, he didn't. But, it is what he does so it is to be expected.