In a no-reserve auction, is a seller bound to sell at the winning price if it's less than what he expected ?
Suppose item X was on auction w/o reserve price, starting at 5000/-. A buyer contacts the seller via eBay messaging and the seller says he'll sell at a minimum of 8000/-. So the buyer bids 8000/- on autobid, but there are few bidders and the auction ends with a win at 5500/-.
The buyer is an honourable person, but has had genuine second thoughts about the value of the item and wants to pay a max of 7000, but the seller insists on 8000. What's eBay's policy for both sides in a case like this ?
