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Like others have said I would press it too... for the simple fact he was a pompous ass about HIS mistake. If he had been apologetic and willing to sell you a special order (the exact one you really wanted) at a fantastic deal instead... or any kind of compromise then it would be different.
I also agree that they had all week to check their auction and make sure it was accurate. I know for a fact they changed their Buy It Now price at least once, so they were in looking at it. I think you are right in that they were trying to bait bidders by purposely not having a reserve, but there wasn't much interest... and now they should pay the price.
Good Luck! Please keep us posted!
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