You cant sell but as far as i know you can "merge" 3 lower tier for 1 higher and if you bought max... you will get 1 greater out of 3. Unfortunatly this worked on random. IDK if you can still do it :P
If you could sell runes they "RIOT games" would never make any money, think about it. You need IP to Buy the Rune right? so if you need IP to get it one of the fastest ways to get IP is with boost. So if you paid for boost to get IP then riot makes money. Now if you could take that rune and sell it to get IP back out of it you could turn around and spend that ip on another rune or what ever, and if that hapend they lost.. and why is that ppl wanna be cheep on a free game :|
Urban, I disagree. Sure, there's loads of people buying boosts, but they're not actually EXPENSIVE. I believe making runes sell-able would just result in a happier player database, thus perhaps getting MORE income as a result (Happy players = Happy game. Happy players = Players that spend.).
Thats just my two cents.
Thats just my two cents.

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