Moral dilemma. Wwyd?

[employeewoes]

Keeping it vague and brief.

Someone advertised something on a selling group for £20. I knew it was worth much more so snapped it up. I've now had many offers to buy the item for £150.

Should I offer the original seller some more money?

Nope. She got what she asked for.

Ok. I'll stop feeling bad.

It may well be karma - I've recently given away stuff I could have listed at price and probably made around £100, but I couldn't be bothered! There were some very happy people collecting the stuff (nothing valuable, a chicken coop and some kids toys!)

I personally would. When you see what a lot of dealers do, they do offer extra to unsuspecting sellers. Happens all the time on things like Pawn Stars, they are honest and give them a little more. I would feel Uncomfortable. But it’s up to you and whatever YOU feel comfortable with. Maybe don’t sell it on the same site though!

Standrewsschool I popped it on a facebook page specific to the item, to get confirmation it wasn't fake (just in case). It clearly isn't and had about 10 messages within 5 minutes asking to buy it.

WanderingMilly hermes by any chance?

Many people make a career out of this.
Yours sounds like a one off, so enjoy.

Are you now going to sell the item for much more or are you going to keep it?

Perfectly legit. You paid the asking price, end of. Sometimes you just get a bargain - I once bought a book for my mum as a present in a little book market, paid £15 for it. I knew it was worth more than that (but when I got it valued and it turned out to be worth £500 I wasn't really expecting that) but that's just life.

I'd say no, and I say this as someone who recently sold an item on ebay and then realised I could have got more for it. I sold it for £20 but realised after that I'd sold it too quickly to the first interested buyer and should have hung on. My fault though!

No, it's up to them to research the selling price.

Fedup21 I think I'm going to sell it. I had one last year and never really used it. I could keep it, but think I won't use it again.

No way! I bought a second hand Fitbit off a friend for £10, used it for a few months & then sold it on eBay for about £50. People should do research.

No.

If you had subsequently resold it and only got £10, you wouldn't expect the originally seller to have to contribute to the loss. It works both ways.

Think of the art world where many pictures just keep increasing in value...

Nope, I wouldn't.
They should have looked into the average value of what they were selling. Or they simply wanted a fast sale so offered a rock bottom price

I'm finding your attitude difficult to understand. If you knew the handbag or whatever was worth more and snapped it up with the intention of reselling then why the sudden guilty conscience? It sounds like you're quite practiced in online buying and selling.

If the majority of posters had said you should offer the seller more would you have?

So you bought it to make a profit if you had no intention of keeping it? Couldn’t you have let someone else have it for the really low price, done a good deed?

Absolutely not. What you are describing is pretty much the entire premise of the tv show Bargain Hunt. You took a gamble and paid the £20 asking price and it’s paid off. On the (rare) occasions that a BH purchase is sold for a big profit no one suggests that the purchaser was somehow immoral any more than they suggest the seller was immoral on the many, many, many occasions when items sell for less than the purchase price.

We’ve just had a clear out. Since we can’t donate to charity shops atm I posted a lot of items on a local WhatsApp group and gave them away to local people who could collect from the front garden. I’m sure some of them will sell their freebies on. I don’t expect a cut. I’m just happy to have got rid of clutter quickly.

If you question this then you are questioning the very basis of free markets - sellers sell at the price they choose and buyers decide if it is acceptable.

This has been perfectly normal human activity for thousands of years!

No - lots of people make a living out of buying and reselling. The only caveat would be if you'd bought it from a friend. In that case I would but not otherwise. Enjoy your profit OP and stop worrying!

I have on occasion sold stuff cheaply because I wanted it gone ASAP knowing I could have sold it form more expecting some buyers to be resellers. If someone else is willing to go to the trouble of finding item specific groups, storing items etc. then good for them, I don’t want a cut I just want the thing gone.

I have never heard of dealers going back and handing over cash when they get lucky. So no.

I would but some of the profit to a local charity!!

I bought a Louis Vuitton (ugly) handbag for £2 at a church sale.

I had no way of guaranteeing it's value, especially with a cursory glance. I had no way of proving it's origin either, and made that clear when I sold it on (though every last fixing and interior part were of the same excellent quality).

I made £120 on it.

I feel like a different species to the OP, because I can't see room for guilt in my decision making process there!

Any chance the first seller will see your listing?