Up for sale is a code to redeem 160 Butterfly Labs chips currently valued at 40 BTC. After the auction has ended, the winning bidder will send the Bitcoins to an escrow account established by John k., and I in turn will send the code to John k. who will forward it to the winning bidder.
Why such high increments
Starting Bid: 15 BTC
Buyout: 38 BTC
Increments: 3 BTC
Auction ends on Friday June 21,2013 at 11pm EST. (GMT -4)
For more info: https://forums.butterflylabs.com/announcements/3272-customer-appreciation-chip-credit-program.html
https://products.butterflylabs.com/65nm-asic-bitcoin-mining-chip.html