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You meet someone trying to sell their dead father's guitar. They have the receipt, the guitar is clearly identifiable. They offer to sell it to you for 4k. You, however, know the guitar is worth 50k. Do you buy the guitar for 4k without telling them?

Yes
60.6%
No
39.4%

3,328 votesFinal results

60

6

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r/AmItheAsshole - AITA for buying a $50,000 guitar for $4,000 and refusing to sell it back when the...

27,597 votes and 5,758 comments so far on Reddit

3:55 AM · Apr 3, 2020

Replying to

Hard yes for me, based on one specific line: "The guitar had no sentimental value to him at all."

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1

John Cox: Unanonymous

Replying to

There is nothing illegal or immoral about information asymmetry. I fact the seller is counting g on it as much as you are.

Replying to

Of course if the seller was a friend or neighbor I would probably tell them of their error. Dude should have done the research - like asking friends or neighbors who might have enlightened him.

Replying to

Isn’t this, like, the definition of arbitrage? This is how anyone makes money in a market without producing something, right? By having a better sense of what stuff is worth by doing their own research?

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2

@king_of_thougts

Replying to

It’s from 1952. Maybe worth looking up the value before selling, if you really cared that much. I’d say not my problem!

Replying to

If you have equal opportunity to access knowledge about the guitar's value, you're good.

Legal Secrets: Equality and Efficiency in the Common Law

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