Take note of the fact that this took place in 2011 - the amount of Bitcoin at the time was ridiculously small.
The price of bitcoin at the time was well over a dollar, I would guesstimate, roughly $5 per bitcoin, so 200
BTC in fees would put it's value at roughly $1,000.00.
It could have been an error or some sort of testing of new software that led to this. Either way at the time I'm sure it wasn't seen as a loss.
I would think a $1,000 fee would be seen as a lost to most people.
At the time, the difficulty was significantly lower, so it is possible that the owner of that address was the one who mined the block that confirmed the transaction, and the transaction was never publicly broadcast to the network prior to the block it was included in being found.
Another possibility is that someone was trying to "mix" coins via paying large amounts of fees to a miner. The owner of the address would provide a signed transaction to the miner who would include it in his found block, and would later pay that person a percentage of the amount included as a tx fee to a different address.