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JKBulldog - before you go calling the lawyers who actually know what they are talking about (something you obviously lack) ambulance chasers, perhaps you should crack open a law book. The seller and the buyer had a meeting of the minds. The seller knew exactly what he was selling - a t206 young. He didnt know the value. The law of contracts does not prevent parties from making bad deals provided there was no fraud involved. As for the ambulance chaser comment, that term is used to describe a an unethical lawyer who incites accident victims to sue. Not one of the lawyers commenting on this thread solicited Jamie's business or even strongly suggested that he actually sue the seller. Get a clue or crawl back into your hole.
Leon - I maintain that the comment was factually wrong as well. While I understand your point, an off line deal is subject rules - specifically the legal rules that govern the formation of contracts. Hence, factually and legally wrong.