There's zero enforcement. You just refuse to pay and probably, but not always, get a negative feedback from the seller for wasting their time. People prank-bid ridiculous stuff all the time. Some guy will list his soul, his popcorn that looks like Elvis, etc. and a few people will bid it up. eBay is funny, though, because sometimes in the exact same circumstances there won't be a single bid.
A girls vagina worth 152,984 GBP
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