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I'm pretty sure it's against the rules of eBay for a seller to do a bin for an item that already has bids on it as an auction.
That's a ridiculous price. I don't think even a mint in bag one would go for that much.
Personally, I would place a bid at the last few seconds with the amount you can afford to pay. Like with most auctions. You may stand a better chance at getting the "right" price rather than that insane amount. For that price tell them you want a real Rapunzel pony delivered on a floating cloud wrapped in rainbow paper good luck and let us know xxx