Is his expectation fair.

[Phil TK]

Now is it only me, but the line about he wants back what he paid for it, I m thinking it looks as if its been kept outside and left to go rusty and he thinks the next buyer should pay him what he paid for it.

He's missing the point of an auction, where the idea is you sell for the amount of money peeps are willing to pay rather than it's 'perceived' value.
  Avoid. The guys obviously an irksome clot.