Posted By:
Judge Dred (Fred)First off, if the person retracted the bid (after revealing the reserve) and then made another bid higher than yours (but does not meet the reserve) then I would figure that person wants to be first in line to make an offer for the item if it doesn't meet the reserve. It's kind of a cheesey move on the part of the person that revealed the reserve and lowered their next bid.
In any case, the seller probably put a reserve up ensure that they get what they want for the item. You now know the reserve. If you want it then go for it. If it's too much then skip it. At the end of the auction (if the item doesn't meet the reserve)you can always contact the seller to let them know that you're interested in the item. Maybe you can make a deal on it but I'd have them sell it to you via ebay unless you know and trust the seller.
Just out of curiosity, how much did the person bid on it (to meet the reserve) and what was the bid on the item after they found out the reserve price.