Elizabeth Raine BACKS OUT of 'Musings of a Virgin Whore' auction after virginity sells for over $800,000 to fund medical school [PHOTOS]

Just yesterday Mstars News reported on Elizabeth Raine's virginity auction closing with a top bid of over $800,000, but we have an interesting, albeit predictable update for you today: the self-proclaimed "Virgin Whore" has backed out of the virginity sale and won't go through with the deed.

Read our previous coverage of this impressive-now-worthless bid for Raine's virginity here!

You can check out more photos of "Raine" here!

The 28-year-old posted a blog post on her aptly titled "Musings of a Virgin Whore" website earlier today, announcing the disappointing news (for one angry bidder, at least).

"The bidding closed yesterday as planned (high bid was $801,000), but I am here to tell you that the terms of the auction will not be fulfilled," she proclaimed. "With the blessings of my management and the high bidders, I have decided to put a stop to this kerfuffle (to describe it nicely) and return my focus to my medical training. I still do possess some spitefully strong beliefs about virginity, prostitution, and a woman's right to do as she damned pleases, but school is my first priority (as it has been for my entire life). At this point, I no longer care about the auction, at all. This was a very easy decision."

If you didn't see this coming, we don't know what to tell you. In most cases, something this public and personal always falls apart. This is a good thing though. Would you really want something like this to work out? Is "work out" the right term for this?