This auction on Swoopo is right now at $31.32 -- and still going! The insane part is that the auction is for 50 Swoopo bids worth 60¢ each: the whole package is worth $30 at the absolute maximum. It even says so right on the auction page: "Worth up to: $30.00". But several people are still bidding.
Now it's $33.72. Sigh. What will happen next in the world of penny auctions?