Yes.
Of course, they also annoyed the bidders they cancelled, without knowing what those bidders' maximum bids were. Which means if the maximum bid, which showed as , say, $100, was actually $1000, and they anger that bidder by cancelling, he is unlikely to rebib=d on the new listing even with a Reserve of $500, half what he was willing to pay.
Rookie move, really.
Further, by cancelling an auction that had acitve bids, he had to pay selling fees on the high bid, without getting any money.
Feel better now?
