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Does this happen often?

I had a snipe on an item, and it ended early (I must have an instinct for picking these guys! LOL) so I emailed the seller and asked if he was going to be relisting. He emailed me back and said he might, but he has 2 guys that have offered him over double what the bid was up to, and he was waiting for someone to pay him. To me this sounded really hinky in a few different ways... So I am just not interested, but my question is this...

Is it common for people to do this? To basically use ebay as a glorified free classified ad?
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