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Posted By: barrysloate

But TE- in your example that is an entirely private transaction, and it is strictly up to the buyer and seller to work out a mutually acceptable deal. When you list on ebay there is a third party involved. The reason so many auctions end early is that ebay allows you to press a button and end it at any time. That button could be removed, so that once you list something it has to stay up until the last second. There could be extenuating circumstances where one might end early; say you are listing a T205 and inadvertently call it a T206. Then you should have the option to terminate. But once you put something up for auction, I think there is an implied agreement that the lot will go to the highest bidder. Apparently, ebay disagrees, but it is clearly costing them money.