General Chat

just the teeniest bit guilty if.............

you had bought something for a pittance at a boot sale, realised its importance and flogged it for best part of 400% profit?

edited..........over 400 times purchase price.......

No - because the reverse happened to me!

Precisely, Chris.........

Nope. Because the flip side of that coin is *buyer beware*..you pay your money you take your chances...works both ways x

No, I would have bought it in good faith, it would be mine to sell.

No, but if the same thing happened later after a charity shop purchase, I would feel that I had to make a donation to them.

Gwyn

Isn't that the way antique dealers and bric a brac collectors earn their living.

nope!!

No I buy good vintage gold jewellery to make a profit from ,,,I buy fair and square thats the name of the game..

I'm talking 75p purchase and £420 sale..........
a couple of quid would be ok, but that seems a bit of a windfall?

Still no....all or most charity shops have people that call in everyday or are available by phone for pricing items, if they are thought to be worth alot they go to an auction or their headoffice......if they have sold something for 75p so be it.
l wish it had been me thats all l can say!!!!

jude

You're all so in-curious :D Bob I am frankly bursting to know what it was lol ( not that you have to tell us of course)!

But I might feel a wee bit guilty about that amount yes, but that's just me... not that one should lol. I have made £50 on a 50p item and do buy to sell.

"I'm talking 75p purchase and £420 sale"

That is not 400%!!!

That is, like, 500 times the purchase price.

400% is if you buy something for 10 and sell it for 50.
Not buy it for 1 and sell it for 500!


I was already going to say I would feel guilty if the person I'd bought from was obviously naive / obviously needed the money, and I'd made any kind of significant profit.

My conscience doesn't cope very well with exploiting people, but I may be alone in that.

If you paid the asking price then theres no gulit to feel.....it was a car boote they set what they want for an item....

its done on E*** and others every second by profiteers.......does everyone pay on there pay some items worth,,,,,no.......

The question was: would you feel guilty if ...

My answer is: yes, if the person I had bought it from was obviously naive (and/or) obviously needed the money.

Sorry if someone doesn't like my answer, but it's my answer. I don't need to be lectured about whether I should feel guilty. I didn't lecture anyone else.

Actually, I wouldn't feel guilty, because I would split the profit. Assuming I could find the seller. If I couldn't find the seller, I wouldn't feel guilty, because I would not have done anything to feel guilty about -- as long as when I bought it I had no idea of its value, or if I did, I made an effort to get contact info for the seller just in case.

Now, I'd probably still feel guilty if I split it 50/50, say, but that guilt I could live with. ;)

Bob, re yer PM -- nope, not 500%.

500 times.

Double is 100% profit.

Quintuple is 400% profit.

Five hundred-tuple is ... I haven't got my calculator out since I moved office. ;)

40,000% profit, I think!

Less the commission. ;)

My son buys in charity shops and sells on ebay sometimes but only makes a few quid profit.

There was a woman on Dickinson's Real Deal I think it was, who found a necklace inside a coffee pot she bought for 10p? at a jumble/boot sale and then the necklace was found to be 14 c. gold and worth several hundred pounds.
Well good for her I say, surely the person selling the coffee pot must have heard something rattling about inside it as they handled it to put out for sale or before, and then to sell it.

So no, I wouldn't feel guilty Bob, I would be darned chuffed.

As someone said, charity shops have valuers look at things most of the time and car booters don't always realise something is valuable and think it is just costume jewellery or whatever so if they don't get things checked and valued, it's their loss.

Zzzz. I would go back to the charity shop and see if they remembered who brought the books in, as in the case of finding a wad of money in a book, it could have been someone put it in to hide for safe keeping and they forgot, and remembered after when the book had been sold. Did you tell them why you were donating a lot of money?

Lizx

oops! yes Jc yoo'se right ...........never was any good at maths......LOL

Bob

Depends.
When my father in law died, my brother in law got in a house clearance firm.
They weren't interested in clearing the house (BiL thought they'd take beds, sofa etc), but were more interested in offering a pittance for small items which we knew were worth a lot of money.
That's deliberate 'ripping off'.

I did once buy a painting, for £2.50 for the frame, at a jumble sale.
Got it home, and decided I didn't like the frame.
It languished in a corner until one day while I was having a clear out.
I saw a signature and looked it up online.
His paintings sell for about £500. Not a fortune, but still a profit!!