It's not okay to stop the auction once there is a bid, and sell it to someone making you an offer. You would definitely be suspended for doing it. He probably wanted it and put the bid in and then decided he didn't want to pay that much. Even though GB says a bid is a contract, the only thing they can do is suspend his account also. I'm not sure there is any legal action you could take because it would probably cost you more than the price of the gun.
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