OT: ebay's Retraction Policy Doesn't Stand

[Buythatcard]

Last night I had a Ty Cobb Sweet Caporal Pin - PSA 5 listing that ended at 11:12 PM EST.

One buyer had multiple bids on the pin along with other bidders. With less than 4 minutes to go in the auction, he decided to retract his highest bid. He did not enter another bid. In the final 5 seconds, some other bidder swept in and picked up the pin at a nice discount.

This particular bidder who retracted his bid had 73 retractions to his name.

I thought that eBay's policy says that you cannot retract a bid without rebidding.

I called eBay and they didn't have much sympathy about the existing item that was retracted in the final 4 minutes. They did say that they are opening
an investigation into the buyers 73 retractions.

Another example of eBay not protecting the Seller.