It has been for sale at that price for a long time. I think it has been on and off of ebay for a few years without changing owners but I could be wrong. It may have also been to one of the large auctions without meeting reserve. Cool car but I think the names mentioned earlier in this thread with the deep, deep pockets are the target audience.
For more information click to go to Jerry's web page:
http://www.z28camaro.com/oldrel.html