No, according to our terms bids are binding.

Removing a bid can suddenly make another bidder into the leading bidder. That bidder might have given up and bought a similar object elsewhere instead.

It might also cause suspicions of fake bids.

It also wouldn't be fair to the seller who counts on the item being sold once it receives a winning bid.

Note that you can lower your max bid if you are the leading bidder and your max bid exceeds the placed bid.

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