[quote name='Green Alsatian' timestamp='1331032829' post='1566493']
If he refuses to sell it to the highest bid, he'll end up with a negative feedback from the buyer and will still have to pay the 9% final value fees. Could be expensive for him if it sells for £500 and he wanted nearer £1000.
He should really have covered himself with a reserve price, so that he can walk away if the highest bid doesn't meet it.
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http://www.e-sue.co.uk/recent_work.htm#
[quote]SALES ON EBAY ARE BINDING CONTRACTS ...
... as a seller found out to her cost when e-sue drafted proceedings for Loss of Bargain.
[url="http://www.e-sue.co.uk/recent_work.htm#"]Read less[/url]
Our client won [url="http://www.e-sue.co.uk/docs/eBay_ad.jpg"]this French dining room table[/url] from an eBay seller for just £51.00, which was actually worth over ten times this amount. The seller refused to part with the table and refunded the £51.00 via PayPal, telling our client to sort his problem out with eBay.
Instead e-sue drafted county court proceedings for the loss of bargain suffered, which the eBay seller defended vigorously.
The court ruled that the winning bid created a binding contract between seller and buyer, and that the seller breached her contract by refusing to allow collection.
[url="http://www.e-sue.co.uk/docs/eBay_Judgment.jpg"]Judgment for over £650.00 [/url]was awarded to our client for the loss of bargain suffered. However the eBay seller refused to pay, so e-sue then prepared to take a second charge over her home, resulting in an immediate bankers draft for the full amount.
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