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I am sure he can prove all the income etc he claimed, the only think I found extraordinary is the fact that he put the site up for sale after the second PR update which sees the forum dropping from PR6 to PR3 and then the homepage following suit and becoming PR3.
The forum is doing well in SERPs thought.
If this might be the case he is selling calculating the user base as this is one thing which attract investors most.
I think number of quality members on can think of as quality members are less than half of the total members, most of the users (like in most forums except for very few exceptional forums) are spammers rather than quality users who contributes value to the forum or potential marketing targets that could attract individual or company to buy the site.
I still dont think this is wise to host a public auction like this to sell off a premium site.
I actually think the forum has matured from it being dependent solely on John to it functioning quite well independent of him.
Adam Smith, a friend I knew in Seattle who lives with his wife and children here in Tokyo, has taken over day-to-day operations.