If you read the Ebay fine print, I think it kind of says that seller can not mislead buyer into paying too much. In this case, the description definitely is not misleading as far as the condition of the item, but the starting bid of $500.00 with reserve not met, and the shipping charge are misleading, sort of conning people into thinking this piece of crap is made out of gold.
I think if I really want to, I can ask Ebay to shut this auction down, I've seen it done in the past.