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Perhaps the dude really meant it to be a Buy-It-Now auction to begin with but why then did he start bidding off at $0.01??????? He should have immediately ended the auction and apologized.
In the end I think he just was disappointed he couldn't get at least $60 and so he decided to screw over the bidders. IMHO, he doesn't have proper ethics. I doubt he would have been so sympathetic if someone screwed him like he has screwed others.
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