Listing same item twice.

Guys is it allowed for a seller to list the same item twice? I have bid on quite an expensive item and am currently the highest bidder. As I was looking through the sellers other items I noticed that he also has the exact same item with exact same description and serial number listed as buy it now also. 

 

Surely this can’t be allowed. I know I would be miffed as the highest bidder if someone was to come along and knick it on a buy it now!

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