Money Moral Dilemma: Should I buy and sell on a lamp that may be worth more than the owner thinks?

crmism

This looks like a reversal of "Buyer Beware" and there's no obligation on your part to tell the seller that in your view it's worth rather more than he thinks. Go ahead, and good luck with your purchase!

fenwick458

is there an amount (in £) at which this becomes relevant? i.e I don't consider the potential £22 profit life changing , but if you were to say "someone's selling a replica painting for £50 but I know it's really genuine and worth 1 million" now we have something worth discussing!
same decision from me either way, if the seller is happy to sell for "their" listed price then I have no quibbles about buying either item

General_Tactifer

Normally, no, but I would make an exception if it was a charity.  Buying something cheap from a charity to profit from a substantial underprice seems to me to be immoral.

Pollycat

General_Tactifer said:

Normally, no, but I would make an exception if it was a charity.  Buying something cheap from a charity to profit from a substantial underprice seems to me to be immoral.

We have a charity shop - one that I support on a monthly basis - that sells everything for £2.00.
I have on a few occasions bought something that I think will sell for more on eBay.
I then donate half the profits back to the charity by way of their collecting tin.
So they end up with more than just selling the item for £2.00.

TELLIT01

Not a problem in the situation given.  The seller has received a price they are prepared to accept so end of story.  It would be different if the vendor had asked for the item to be valued by an expert and that person had deliberately undervalued it and then purchased it.