I don't understand this.
First of all, disclaimer: I've never sold anything on eBay, and I've only bought a few items years ago, but I keep my eyes on it as a window shopper, so to speak. So, unless there's some mandatory user policy I'm unaware of, I'm hoping I'm not speaking incorrectly about the service, just the users...
Here goes...
If you don't want something to sell for below a specific price, don't configure your ad for the possibility of it potentially selling below that price.
...I hope that wasn't too offensive, harsh, or out of line, but it's the simple, no-brainer concept that will save a lot of heartache for both the sellers AND buyers. I mean, if I see something for sale with a starting bid of $0.99 and no reserve, I fully expect the item to sell for at least 99 cents, if someone will bid on it. If the seller wants it to sell for more, they need to either raise the starting bid or add a reserve price. It's that freakin' simple, isn't it? If a seller *wants* it to sell for more, but it happens to not sell for that much, then that's just too bad for the seller. If they were using the low starting bid as a way to get attention for their item, and it doesn't sell for the price they want it to, then their strategy backfired, and they need to take it as a "loss" or whatever. They should have their ducks in a row before posting the auction, right? I mean, I've been to a music store where an item was mislabeled, and because they had that price labeled on the item (not just a switched tag or a misplaced decimal point), they were morally obligated to honor the price. I respected that, and decided to not buy the item after all. If they would have fought me on it, you bet I would have walked out of there with a DW snare for $89.
This situation of a seller backing out of an auction THAT THEY CREATED is just bunk. They were pulling the strings/setting the arena from the get-go, and if they didn't like the way it could have potentially ended up, they shouldn't have constructed the parameters of the auction to allow for that possibility. It's unethical if you ask me...