Quote:
Originally Posted by HarryT
You certainly wouldn't be committing a crime in the UK. It's up to the seller to set the price of something, and the buyer has absolutely no obligation to inform the seller that the price is too low.
Is this really the law in your country?
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That's my understanding.
That law does not apply to everyone. If you were NOT an art dealer (i.e. didn't know the difference between a fake and a real Van Gogh), then buying the Van Gogh at $5 wouldn't be illegal.
A similar case many years ago came to light when a person purchased a cool purple rock at a garage sale. He found out later that he had purchased the largest amethest ever found. The person who sold it tried to use the law to get his "cut" of the money, but the courts turned him down saying that the purchaser had no knowledge about what he was buying.
But if the purchaser had been a geologist and knew that he was purchasing a large amethest, then the law would have gotten him. At the very least, the person who sold it would have gotten money.