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Andrew S.David is absolutely right, but the bad thing is eBay makes money off of pond scum like 8880alan. Because even if every single seller requests a refund of the final value fee (some sellers invariably forget or it gets lost in the shuffle), eBay still made money on the listing fees of lots that won't be relisted. 8880alan increased eBay profits with his bogus winning bids, thus there is no incentive to protect sellers from miscreants like him.
Just wait until guys like that have no negatives and you can't tell the dirtballs from good buyers. It's gonna be a total fiasco for sellers!