Looks like spite bidding. I've done it. I think he just felt like taking it to a high bid. There's lots of folks with money to blow and don't care. Sometimes you get in the "no one's gettin' a good deal today" mood. Personally, I think scottryan got more joy out of taking that to $400 than he would have gettin' it for his first bid of $261.
His bidding pattern is typical of what my spite bidding looks like.
$261 - that should clear out all the wishful thinkers. WTF! Who outbid me!
$341 - He can have it if he's stupid enough to bid $350. WTF!
$375 - Ok let's find out if he's really nuts. Yep! He's nuts.
$395 - Let's see how nutty he is. Whew! That's high enough I'm done.
The other guy is not a newbie, though, so maybe they have some history. Don't recognize the other bidder, lilpnut.