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One picture is worth 1000 words:

As you can see in the revisions of the relevant question, the first bounty (of 50 rep) was started by James in Aug 12 but the second bounty "overwrites" this.

Edit: same problem in reverse direction - offered bounties of Rob.

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up vote 2 down vote accepted

The date shown there is the last activity date of the question (as with all other question lists on the profile), it isn't related to the bounty.

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Oh my.. silly me! Thanks. :) – Shadow Wizard Dec 15 '11 at 11:11

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