Originally Posted by Maia B
If you correct this mistake pronto, eBay WILL fix it. You can follow the steps to retract or correct your bid. Just has to be prompt. You would NOT be obligated to pay the $4,700. If it happened to me, I'd just contact eBay and the seller lickety-split and clear it up. Honestly, $70 sounds good for a nice DWR in good shape.
I was just going to say the same thing...If you let Ebay know ASAP that it was a bid in error...they will cancel the bid. I had a customer do almost the same thing you did....and yes I sold it to the previous bidder, because my lady didn't want it after all this.