Fence (Oblivion)

Fences are the only NPC merchants who will buy stolen property. Stolen property is marked with a red hand over the icon in your inventory.

Selling through fences is necessary for any character who plans on selling any stolen items at all. To gain access to decent fences you must join the Thieves Guild, so if you plan to live a life of crime, join the Thieves Guild and don't forget who your fences are. The only non-Thieves Guild fence is Manheim Maulhand, Who is an Innkeeper.

For each stolen item sold, you have "fenced" gold into the guild coffers. This is extremely important, as in order to progress in the Thieves Guild you must raise your fenced gold total to a certain value to receive the next quest. For example, to receive the final Thieves Guild quest, The Ultimate Heist, you must have fenced at least 1000 gold in total.

Fences
* Is not a Thieves Guild fence and will not talk to you if his disposition is below 30

** Note: There is a glitch to Fathis where he can be stuck in Chorrol, download this mod to fix his behaviour. Also, Fathis will not fence to players who do not please him in the Sins of the Father quest.

*** M'raaj-Dar is not a Thieves Guild fence but still buys stollen goods if you kill him in The Purification his replacement will also buy stolen goods.