As of the time I write this, the bid on this 20k cert is at $315! Who would pay $315 for 20k miles? That's ludicrous! Why pay 2 cents a mile for a cert that is not supposed to even be auctioned (thus putting yourself and your AAdvantage account at risk!) when you can go out and buy Kellogg's onsale for less and get to eat the product as well?
I really wonder about some people's though process'.