Valuation (AVM) Disclaimer
In one line
Our AVM engine gives an estimated value range with its evidence. It is not a professional appraisal, an offer to buy, or financial advice.
The short version
This short version helps you understand the full text. Read the full text for the complete terms.
- The AVM engine (first use: Speedvark, for wine) estimates a value range from market data. (Full text, section 1)
- It is an estimate, not a professional appraisal, an offer, or financial, tax, or insurance advice. (Section 2)
- Every estimate shows a range, the date, the evidence used, and how confident we are. (Section 3)
- A named specialist reviews estimates before they are released, where the service says so. (Section 4)
- Do not rely on an estimate alone for lending, insurance, tax, legal, or estate decisions. (Section 5)
Full text
Read the full text (about 1 minute)
1. What the AVM does
The automated valuation model ("AVM") engine estimates the likely market value of an item (first: fine wine, under the Speedvark name) using recent sales, auction results, listings, and condition information you provide. AVM features are Planned.
2. What an estimate is not
An AVM estimate is not:
- a formal appraisal or valuation by a qualified or certified appraiser;
- an offer by us or anyone to buy or sell at that price;
- investment, financial, tax, insurance, or legal advice; or
- a statement of authenticity or provenance. We do not inspect items.
3. What every estimate shows
- A value range and a central estimate, with the currency and date.
- The main evidence used, such as comparable sales, with dates and sources where licences allow.
- A confidence level, and the factors that lower it (for example, few comparable sales or unverified condition).
- The inputs you provided.
4. Human review
Where the service says an estimate is "specialist-reviewed", a named specialist has checked the evidence and range before release. Their review is still an estimate.
5. Limits and your responsibility
5.1 Markets move. Prices can differ a lot from an estimate, especially for rare items, damaged items, or items with uncertain provenance.
5.2 Do not use an estimate as the only basis for lending, insurance, tax, probate, legal, or investment decisions. Ask a qualified professional.
5.3 Our liability for estimates is limited as set out in the Terms of Service.
6. Fairness
The AVM values items, not people. It does not use personal characteristics of owners.
Change log
- 2026-10-10 · 0.1.0 · First draft.
Open questions for counsel
We publish these while the page is a draft, so you can see what is not settled yet.
- If AVM expands to housing, US mortgage-related AVM quality control rules (Dodd-Frank §1473; the 2024 interagency final rule) and UK/EU property valuation regulation could apply; scope carefully.
- UK: wine as an investment can attract FCA scrutiny if marketed as an investment; avoid investment language.
- Third-party price data licences (auction houses, marketplaces) may restrict display of evidence.
- Consider the EU Product Liability Directive (EU) 2024/2853 (software as a product, transposition by December 2026).
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