My husband and I were watching TV and something came on about a man who was a huge Civil War history buff. He was talking about some very specific kind of uniform from that era that was so incrdibly rare and very valuable.
Then one day this man went to an estate auction and was looking through a box of WWII uniforms. On the very bottom was one of these rare Civil war uniforms. The man hastily put the other uniforms on top and hoped no one knowledgable would see the rare find.
At the auction he bid on the box and obtained it for about $400. Now the one extremely rare uniform is worth something like $20,000.
My husband says this man was immoral because he withheld information about the real value of the uniform. He says that by covering up the rare uniform he was attempting to defraud the owner by making sure no one else saw it and jacked up the bidding price.
I say that a thing is worth only what people are willing to pay for it, and if no one else in the auction was willing to pay more than $400 for a box of old uniforms, than it was a fair price.
Did this man have a moral obligation to inform the owner that the uniform was rare and valuable?