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I still believe that in the normal course of business, listing an item $XXX o.b.o. does not imply the price goes up. It normally implies that if one believes the asking price (and I believe it was an asking price) is too high, then one can submit an offer at another price.
Now, if we take this one step further, any transaction needs an offer and an acceptance. Here the poster presented an offer and all it took was one to accept the offer to form a contract. The offer was $450 OBO (or best offer). The opperative word there is "or", meaning the seller will take either $450 "or" best offer. That means the offer was presented to the buyer for the amount of $450 and the buyer may accept the offer at $450. If the seller does not get a full priced acceptance then he/she will accept a best offer.
Technically, the seller should have listed the item as "reviewing offers above or below $450." The seller would then in turn accept any offer he/she wished.
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Elvis has left the building.
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