Bidding Frustration

I appreciate the input. I have not sweated it,I agree it is just an amp. Was looking for some perspective on the issue if only to dictate how I may handle a similar situation if I find myself in the seller's shoes.

What would you have done?

Agree the seller can and will accept a better offer. And the seller is NOT obligated to wait. Only if he took a smaller offer.. then yeah it would be a bit iffy.
No one is going to hold an item for some lower bid when a full pricee bid comes along.
No question.

I would contact the person to whom I sent a counter and asked them to let me know as soon as possible if I received another offer and told them the time frame I needed a response or I would move on. To me that would be the honorable thing to do.

I never bid on anything for two reasons: First, there is always the possibility of someone outbidding you-fun for the seller, not fun for you; Second, many auction items begin where I think the normal resale price should be. Some slick sellers are hoping to snag a newbie at an inflated price out of ignorance. Very unethical!

I once went to see a Sony CD player at a sellers home and we agreed on a price and shook hands with an agreement to meet the next day with my cash in hand. I called the next day to confirm our appointment and found that he had sold it to someone else. I can't reveal the right word for that except that it starts with "B" and ends with "T".