Josko Gvardiol

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I'm guessing the argument goes - it's what you're willing to pay.
Hence no-one overpays they simply pay up if they want an item and are happy to shell out what it takes to get it.
Surely that’s paying what you are prepared to in order to obtain. If they have a set value and you pay more you’ve overpaid.
 
I see an item for £40 in a shop. I pay them £50 for it. I've overpaid by £10.

No. The seller valued the item at £40. By paying £50, you have simply applied your own value to the item. You've paid what you believe to be the correct price for the item.

You've not 'overpaid' a penny, you've paid the market rate as agreed.
 
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