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It's not up for auction. That's just the price they put as their asking price:
This listing is an advertisement. There is no bidding. If you are interested in this property, you may contact the seller/agent to request additional information.
Oops, I just saw the price and assume that it was bid and didn't see the fine print on the bottom there. So he is just selling an ad for the apartment? If so, it's one expensive ad.