I put in a bid like Pete did, and received a message saying the seller has changed her mind and will not be selling the chip. I feel that the start of an auction is a binding contract to sell the item to the highest bidder unless a reserve is listed. This auction has no reserve and therefore the seller is obligated to sell to the highest bidder. That is the chance one takes when listing an auction item. I will send a letter to E-Bay if this seller is allowed to pull the item. As previously mentioned this type of action defeats the whole purpose of an auction and could just be a fishing expedition to see how much an item is worth. I would agree that an auction could be cancelled, ONLY if no bids have been received. E-Bay states this by saying that changes can be made to the auction only if no bids have been posted.

I didn't recognise the sellers name as anyone I've dealt with before but I hope they will honor their auction.