@beecia
I see an auction for a chair. It seems the least you were willing to take was $17.00 because that’s what you started the bidding at.
Some recently ended items for a similar chair show a Buy it Now for $200, but in most categories the Buy it Now option goes away with the first bid.
Just remember, your starting bid is the least amount you will accept for that item.
There is no penalty for ending an auction as long as no bids have been placed. Once bids start coming in, there are fees to pay for ending and auction early.