It's in the very long auction description:
"Concerning the fate of the auction…
Well, with that being said, I intended to cancel the auction anyways. Even with the above probabilities running through my head, I was/am concerned for my family’s privacy. My son has obviously learned his lesson. This auction has been lots of fun for us. For the last couple of days, as soon as he comes in the house, the first thing he says to me is “what’s new with the auction?”. We have read many of the comments together (please keep this in mind when writing them) and I think he is enjoying this more than you might expect. As I said, my son and I are more like best friends than “Pa’ and Junior”, and this has become just one more thing we have come to enjoy sharing.
So I decided to let him make the decision concerning the fate of the auction. He thinks it would be “stupid” to cancel the auction right now. While I may not completely agree with this, he undeniably has more at stake her than I do. We talked about it over the last couple of days, especially yesterday evening, and came to a conclusion. We figure one of two things will happen.
1. The auction will finish at an absurdly high price due to uncontrolled bidding, and the high bidder will be a newly registered user who with no intention of paying.. Several bidders seem to have registered just to bid on this auction. I am fully expecting the bidding to skyrocket near the end of the auction. There are nearly 400 people watching the auction. Instead of canceling bids, we have decided on something else. If the seemingly LIKELY situation of a non-paying bidder winning the auction is realized, that will be the end of it. I will not beg or plea someone to pay, nor will I give out second chance offers. My son will get the Guitar Hero game. Just my assertion of this is almost guaranteeing that this will be the outcome. I can just see all of the “Isaac-apologists” rushing out to get an ebay account right now and putting in a bid of $10 000. Well, go for it if you want. As I mentioned in several comments, my son is a smart cookie. "