Why would they want to buy your frying pan? Is the value you've given it very low, making it cheaper to buy yours than another one? Is there a shortage of frying pans, increasing the value of yours?
People are often angry with each other and eager to hurt each other in any legal way available. (Ask your friendly neighborhood divorce lawyer for their stories.) This sort "anyone can take your stuff if they're irrational enough" would be very easy to exploit to make someone's life miserable. And the problem only gets worse if you imagine a normal person making a very rich person angry.