ok so, bizarrely, exactly the same thing happened to me yesterday. I had been tracking some saddlebags where bidding was light and I thought I might get a bargain. They weren't exactly what I wanted but I figured if I could get them for $100'ish what the heck. The buyer had a $300 "buy it now" which seemed silly so I ignored it. At the last minute I put in a bid of like $101 and won the bags for $86.
A couple of minutes after the auction closed I got an email from the seller saying that the auction hadn't reached his reserve price of $250 and that he wasn't going to sell something that he could return for a restocking fee. I pointed out that he might have WANTED a $250 reserve price but he didn`t have one or it wouldn`t have sold for $86.
In the end though I think the sale needs to get cancelled - there`s no joy in making people unhappy - even fools. Now, if it had been a triumph wallet I might feel differently. BTW, like Gina`s clown, the guy`s feedback was almost all as a buyer - probably the first sale he had tried.
sold item