Thats generally how buying tickets (from unoffical sources) for any festival goes as they arrive near to the date.
From official sources too. I bought 2 tickets for Leeds this year right after last years, you get charged immediately - before you get ticket conf. And I wont get my tickets until 2-3 weeks before the event this year.
If he bought them, he had the money, and he's had the tickets. He's blagging you because he knows he can get a couple hundred more for them now from someone else with no risk other than annoying you for a short while.