The winning bidder bid $1500, and it met the reserve. Then he put in a second bid just to make sure that it wasn't sniped from him at the end of the auction. That is why you see his name with two bids that are identical. The second highest bidder was out bid at $760. What this really says, is that as bad as the economy is, there are still people out there that have the cash, and are not afraid to spend it. I only wish that I could find one or two of those type people when I list things for sale on eBay.
By the way, this is one of the flaws of eBay. When you put a reserve on an item, the bidding only goes up when a second bidder bids on it. If they would fix it that what you bid is what the bid amount goes to when there is a reserve auction, that would go a long way to helping sell expensive items. The only way that it takes the jump, is when your bid is high enough to get to the reserve. Sometimes I have bid 6 or 8 times attempting to get to the reserve, and when you look at my bidding activity, it shows that I have bid $9.99 (the opening bid amount) 6 or 8 times. I might have hit the reserve on the 9th or 10th try, if I were willing to go that high. When someone else starts to bid against me, then my bidding increments will kick in..