I would think so as well b/c there wasn't a reserve price that I saw. If the winning bidder backed out the seller can offer "second chance" to the #2 bidder so it seems a little odd the seller re-listed instead. Here are the bids over $600 for the previous auction - note 3 bidders who place bids at or over $800:
Bidder Bid Amount Bid Time
c***a ( 257) US $830.00 May-28-16 17:55:28 PDT
i***h ( 611) US $820.00 May-28-16 14:23:22 PDT
c***a ( 257) US $820.00 May-28-16 17:55:24 PDT
h***h ( 484) US $800.00 May-28-16 10:20:32 PDT
a***s ( 109) US $800.00 May-28-16 10:52:02 PDT
a***s ( 109) US $750.00 May-28-16 10:48:56 PDT
a***s ( 109) US $700.00 May-28-16 10:37:14 PDT
a***s ( 109) US $680.00 May-28-16 10:37:09 PDT
a***s ( 109) US $650.00 May-27-16 20:38:51 PDT
o***n ( 135) US $610.00 May-27-16 20:37:01 PDT
h***g ( 7 ) US $600.00 May-27-16 19:44:53 PDT
Why take the risk of a new auction closing much lower unless you've made it far enough down the list such that you don't like the money you are getting?
-Rob
-visit http://www.kahr.us to get my daughterboard that helps fix WPC pinball resets or for Williams system 3-7 sound board potentiometer solutions