OK, Ebay can't stop nigerians from hacking accts with weak passwords and posting bogus items.
BUT, after 10 ATTEMPTS at talking to ebay using their "LIVE CHAT" feature, nothing was accomplished.
each live chat "operator" gave me a different link to "report" it - these links wound up on a page that accepted only the fraudulent ebay item listing number - there was NO place on the page to explain WHY the auction was fake and no place to link them to this thread so they could see for themself why this auction is a fraud. Without this information I don't see how they can determine the auction is fake.
Paypal claims to protect buyers up to $2000, so the hacker setting his price at $1999 at least maybe means that the victim won't be out the money, paypal will. Well, maybe.. there are likely a dozen requirements that need to be met for paypal to do this, and I would not be surprised if one of these requirements were not met.
My personal experience with ebay has not been great. half the stuff i get is not as offered, and hardly anyone ever uses negative feedback out of fear of retaliatory negative feedback. whoever posted above about the 109 positive feedback making this auction safe was wrong not only because in this case the acct was hacked but also because even if an auction's seller has great feedback, people have found ways to rapidly get lots of positive feedback by selling nonsense back and forth to other people and because even when people get ripped off they don't use negative feedback for the reasons explained above.
F*** YOU, eBAY, for making it so difficult for users (such as us) to help you police your own site.