This is what seems like happened...

oneeye73 placed a bid for $333.33 at 23:40:15. Then 40 seconds later decided to put in a proxy bid for a higher amount.

To my knowledge, eBay hides the progression of a proxy bid. So, what you're seeing is two different bids.
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-Rob Riccardelli
80GB 16MB MK2 090000736