I guess two or more people wanted it very badly, but worried they would overpay buying it now, and also worried they might not win it without bids well over that price. Effectively, they priced the saving if the auction settled below $999 against their unhappiness missing out, and both bid over $1150. Even the winner can't be happy at wasting $170.
The disappointed runner-up might find relief at musicswopshop.com.au, where an identical item is $1100. Or in the UK, where gumtree.co.uk lists two identical items for £650. Or using the free mono software version from Nord.
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