Item in auction format with no BIN option (my mistake). Similar items seem to sell for $400 - $500.
With one hour left in auction leading bid is $330.
48 min before end of auction bidder X bids $555 - an unreasonably high bid. Bidder X has a couple of negative comments in their history about bid manipulation and non-payment.
46 min before end of auction Bidder Y (who has never bid on this item before) bids $560, leading auction
Because $560 is an unreasonably high bid, no other action takes place in the last hour in spite of a lot of watchers - my experience (limited by eBay standards) has been that that is when the action is.
Within the last minute of the auction bidder Y retracts their bid without entering a new bid, using the reason “bid wrong amount”. Winning bid rolls back to $335 for bidder X. Bidder X saves significantly from the typical value for the item.
Bidder Y has a an activity number between 50-100, and no negative comments
Both bidder X and bidder Y live in the same state.
Questions for the community - thanks in advance for any guidance:
1. After searching fo an hour, I have found no recourse to report bidder Y for failing to follow eBay policy that an erroneously placed bid must be corrected within 2 hours AND replaced with a correct bid. Is there a way? Does it go on their record somehow?
2. Seems suspicious that bidder Y knew to bid exactly $5 more than the max bid by bidder X, and knew to retract their bid with less than a minute to go. Is there a way to report such suspicions?
