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Reply to "Sellers removing their product"

I suspect that as you say, any legitimate seller making a big whoopsie like I described would indeed re-list the item with an appropriate asking price, reserve, etc. But I just bought something from a power seller with over 15,000 feedbacks. The guy has 150-200 items or more up for auction 24/7. UPS makes two stops a day at his store. Somebody dealing in volume like that is more apt to make a mistake than a seller who has more time to double-check his listings.

But yeah, sellers who close auctions because they're not happy with the bid amount are pond scum or other floating undesirables.
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