I think you are mistaken if you are thinking that eBay would ever condone pulling a listing and selling the item off-site. They have wording all in their rules and regulations prohibiting such a thing. The problem is that unscrupulous sellers don't pay attention to the rules. And eBay has to allow for sellers to pull listings in which they have legitimately made a mistake, which is what unscrupulous sellers will say happened when they go to end a listing early. (There is no check box when you're ending a listing early for "I want to sell it to someone else for more money").
Ebay can't possibly investigate every item that is pulled because "there was an error in the description" to see if that is a legit excuse, but they may take action if you report the seller for trying to jack up the price on you after the fact like this. You just have to be sure and emphasize how this is costing eBay money, because that is their main concern. Stories like this are the ones that make potential new eBay users shy away from using the site, and eBay doesn't like losing money or bad publicity.
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