pennant
Mark,
Sad fact is yes. The buyer doesnt have to complete the transaction either. A buyer after the auction is over can list a number of reasons on a form that ebay has and cancel the bid. It was for a time if the buyer did this more than 3 times ebay would close their account but in these economic times ebay doesnt seem to do that anymore. That is also why sometimes you see a second chance offer on an item. The buyer filled out the form right away and the seller gave the next bidder a chance to buy it. This also opens up a long conversation I once had with ebay about this. I.E. Seller has a shiller bid the item up, (lets say the item has alot of bids) His shiller ends up at the end winning the item but the bidder just under him also has put in a good high bid. Shiller cancels his bid and the next bidder wins it. Only chance you take is the under bidder doesnt take the second chance offer.
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