Just had a look at my Fluke 175, version 2.04.3, and on AutoHold AutoRange, it measures mains ac voltage here in the UK 245v, and when both the probes are removed the meter re-measures the change in voltage (to zero) and is recording in the mV range. Re-connect the probes and the AutoRange changes to the V range and reads 245v. If only one probe is connected to the ac mains, the unit identifier changes from mV to V, still reading near zero, add the other probe the meter reads 245v.
Surely this is what one would expect, AutoRange AutoHold senses the change in voltage at the probe and records the result.
If the meter is in Hold it keeps the measured voltage at the time of the Hold press, and keeps the unit identifier (V or mV); and does not change when the probes are removed (or start at zero, press hold, connect probes to the mains, meter still reads the hold value, mV, and does not change to the V or to 245).
Serial is 16600263.
Oh, and one other thing, the function switch has to be moves to the Vdc position when holding the Hold button to see the firmware version, and on to the mVdc position to see the model (in my case F175). The first position Vac lights every sector on the display.