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@noiser
Don't see why it's wrong if you attempt to check its stolen.
bargain reward vs. not getting the owner pay you what you paid risk
I emailed them with the details. They took forever and were we're daft enough to say that it was unlikely the same bike as I picked it up the same day (stolen Richmond, 'recovered' Bethnal Green). Eventually offers to collect it but I said I'd bought it so wanted the owner to collect. Exchanged emails and got my money back, and a bottle of wine.