He did not retract his $28 bid - just his $430 bid. I have no idea if he was just running things up or not. Since he is new to eBay he may have been a legitimate bidder - just bidding it up slowly until he mad the error. Still looks a little fishy....

Here is what it says on the auction page:

Bid retraction and cancellation history

Bidder Action / Explanation Date of Bid and Retraction
gsag8771( 0 ) New eBay Member (less than 30 days) Retracted: US $430.00
Explanation: Entered wrong amount Bid: Dec-19-07 19:52:00 PST
Retracted: Dec-19-07 19:58:45 PST