Need Help!!!

If you are reading this, please respond! I need as many opinions as possible.

Basically, this is what's going on. The gorgeous cot I bought needs a LOT of work. I bought it for $127 plus another $23 for shipping. The wood part of the cot is perfectly fine. It's fine as a bench or table. The cot part needs to have new materials, new webbing, and new nails with bolts to hold it to the woodwork. It hasn't been used in 20+ years I found out after asking the seller why one of the nails popped out with only some weight on it.

Although in the description she says that it can be used as an occasional bed; it obviously can't in the condition it's in. The amount of materials alone to fix it is about $40. Which, I told her. Let's not even mention time!

She says she will only refund $25 because "$40 is a bit much". Yet, to me at least, she lied about the condiction of the cot. There is no way I would have bid as much as I did knowing what I know now.
The auction is up at http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=7377689046&sspagename=ADME%3AL%3ARTQ%3AUS%3A1&rd=1

( emails )

So what do y'all think I should do? how should I reply this time? Any ideas?