I had the bag on my watch list and I was keeping a close eye on it throughout. I was surprised that there were no bids as of this morning. I always wait until the last minute to bid, but someone somewhere usually ends up logging a bid along the way before that. My biggest eBay peeve are people who get into a premature bidding war for no good reason but to jack up the price unnecessarily. I was beginning to wonder if the auction was going to end without any bids. So when I got home tonight and saw the $1999.99 figure, my jaw dropped. I understand the leather was different back in 2003, but $2000 for a used Balenciaga is a lot. Plus, red is a standard color that Balenciaga has done since (Fall 2005) and is supposed to do again (Fall 2006 if the rumors are correct).
I think the max that I've seen before has been around $1600 too.