eBay states that a seller may end a listing early for the following reasons:
1. The item is broken, lost, or otherwise no longer available for sale
2. You made a mistake in creating the listing
Further, eBay states that if you end an auction within 12 hours or less of the auction ending, your only option is to sell the item to the highest bidder if the item has bids. If over 12 hours, you can end the auction and either do nothing or sell to the highest bidder.
Also states, which I find interesting:
Sellers are not allowed to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be a violation of our reserve price policy. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
I have bought and sold on eBay for 14 years, although hardly at all in the past two years. During that time, I have been asked twice to end an auction early, and both times I politely declined and stated that the auction would run until the end.
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