Fair Market Value (FMV)
An item’s fair market value, also called the auction value, is what you could reasonably expect it to sell for if you were to take it to auction tomorrow. ExJewel AI estimate this value, which is expressed as a plus and minus value, based on recently achieved auction results for similar items, as well as the value of the 125 trends we calculate.
The insurance value is an estimate of the entire cost to replace your item if it were to be damaged, lost or stolen. This value, also called the retail replacement value, is higher to reflect retail prices and other replacement expenses, like shipping.