[BenLurkin]

If the buyer knew the value and the seller didn’t that it would be out and out fraud, yes?

[Zack Attack]

“If the buyer knew the value and the seller didn’t that it would be out and out fraud, yes?”

No, the seller sets the price and it is their duty to know what they are offering for sale.

[Jamestown1630]

The seller had already tried to have it authenticated and was told it wasn’t a Van Gogh.

[bankwalker]

That’s what a commie would think.

[Bubba_Leroy]

If the buyer knew the value and the seller didn’t that it would be out and out fraud, yes?

Not necessarily. In most cases it would simply be a "unilateral mistake," which does not give either party a right of rescission like a mutual mistake does.

[reed13k]

Nope - if the seller quoted or agreed to a price then it’s a contract and seller’s remorse doesn’t matter.

Happens all the time with collectibles where those in the hobby know that they may/may not be worth the price on the item. Same is true with house flippers that know if they put in $500 they can get back an additional $10k (pretend numbers there but you get the idea) or any other transaction.

Value to the seller is different then the value being placed by the buyer. Doesn’t make it fraud.