No, it doesn't. I will explain what happened.
Misagh probably had the player opened in one of his tabs while doing other things. The player's auction ended and was relisted immediately by the owner (who confirmed this). Misagh probably missed to spot this and bid on the new auction.
While he did say he bid on time which he clearly didn't, it was an honest mistake by him. Therefore, the fact that he will not be able to use the player is purely his fault.
I hope this helps in order to explain things.