The seller in real world auctions, can not, will not, is unable to back out of the deal. Think about it this way for you internet minded people- on ebay the seller can't back out of things just becasue people didn't spend enough money on one thing.
I really, really, hate this whole 'if it doesn't get to a high enough value, it's not going to sell'. I agree with everyone else that if you're just going to back out of a deal because you don't get what you want, tell us what you want, and then we can work from there. Don't string us along.