State v. Perez
In State v. Perez, 5 Conn. App. 129, 132, 497 A.2d 82 (1985), the state's expert witness, a gemologist, testified as to the fair market value of stolen items.
On cross-examination, the witness testified that "this was replacement value not as new, but the cost of going out and buying the items 'as is.'" Id.
The defendant claimed that the appraisal was based on replacement cost and not on market value. Id.
The Court concluded in Perez that the witness had testified as to market value. Id., 133.