I've had a few bid retractions that I can remember.
1). I was bidding on what I thought to be a 1978 Topps Baseball unopened vending box (from a reputable seller), but once I placed my bid I realized it was a Basketball (I believe) vending box, not baseball. It was my fault for not reading the description more carefully.
2). There were a couple times when I've placed a bid on an item and then asked the seller a question about the item with no only to have no response, and therefore I retracted my bid. I assumed the seller had something to hide by not answering my question. Probably my fault again for not asking the question before I bid, but I didn’t want to get stuck with something I wasn’t happy with.
3.) There have been a few times when I was high bidder on an item with a very high proxy and someone outbids me only to retract their bid. At that point my high proxy is exposed and is very easy to run up my bid if someone wanted to. When that happens, I'll retract my bid every time. Please don't lecture me on sniping, I choose not to bid that way.
All that said, I have probably only retracted my bid less than a ten times in my 11+ years on eBay.
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