Bidding on ebay is a contract and while most failures to pay dont result in much punishment, sellers have sued for high dollar bids in the past.
I do remember that a Isuzu Trooper sold for 15k and the buyer refused to pay. It went to court and the seller was awarded the full 15k
I do remember that a Isuzu Trooper sold for 15k and the buyer refused to pay. It went to court and the seller was awarded the full 15k