Johnny, your missing the point here. An eBay auction is a legally binding contract. If Pete wins the auction (which it appears he did) then the seller is obliged to follow through with the sale.
Ok, will Pete get a Β£10k boat for Β£100, probably not no. But it will atleast educate a numpty on the ways of his mistake.
But, on the other hand.......π€·π»ββοΈ