There are many aspects that I agree with on this. (And since one of my classes this semester is entitled 'Legal Environment' - largely focused on business, this post really interested me).
Here is what I see:
1) The seller represented the item as authentic in his original description. You bid on it, under the assumption that the description was correct. Should it turn out to be fake, at this point you would have good recourse.
2) You asked the important questions after you had won the bidding on the item. This, however, may prove to be detrimental to your case. If I were the judge/mediator, I would ask why you didn't ask the question prior to being committed to the item? That is what eBay's message service is for, correct?
3) Judging by the response you received from the seller when you did in fact ask him about the items legitimacy, I would say that he indeed had it appraised (by a younger person), and similar to what you see on the show Pawn Stars, etc., was offended by what was learned. He found out it was a fake, and was a little upset with the appraiser. He got duped by someone else, and it sounds to me that he is passing it on to the next highest bidder.
Now this is just me reading into it, and hopefully the item is authentic. Best thing to do, is have it appraised immediately, then go from there. You may have some recourse, as I am no legal expert, nor do I work for eBay's claim department. One of my courses this semester just happens to involve legal matters, which is my entire reason for commenting. I hope everything works out for the best, and you strike it rich!
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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