You can get stolen purple items now??
launder it first, you should be able to sell it to a vendor then and get a buyback option later.
I just got my first purple stolen item and when I try to sell it to a fence, I get a warning that I can't buy it back. Is there another way to sell or use the purple item? Why am I getting this warning if I can only sell it to a fence?
Personally keep my purples (as well as some blues and greens) just for the sake of personal trophies. Launder them and deal with the expenses so if a guard ever does catch me (lol yeah right) they will remain in my inventory.
For example, have kept a (green) Skooma Pipe and carry a Finely Crafted Violin just to add to character flavour.