By now you’ve seen Lootero magically guess your item’s value and show a little ↑ or ↓ arrow. Here’s exactly how it works, why you can trust it, and what every screen actually means.
Where to see the AI value
Open any item → scroll to the very bottom.
You’ll see one of these three states:
- “Estimating value…” (first 1–24 hours)
- “We need more information” (rare – just add a couple more fields like Year, Condition or Grading)
- The final valuation panel (this is what you want)
[image30.png + image31.png + image32.png – show all three states]
Exactly how Lootero calculates the price (no black-box mystery)
Every item gets priced the same way, on the 1st of every month:
- Gold Records check Lootero looks for identical or near-identical items already in its trusted internal database (built from thousands of verified collector entries).
- Global marketplace scan It anonymously searches recent sold listings across dozens of major sites worldwide (eBay, Catawiki, Heritage Auctions, Chrono24, ComicLink, etc.) in multiple currencies.
- Multiple AI models vote Three different valuation AIs look at photos + all your entered data and predict a fair market value.
- Final number = worldwide average Everything is combined, outliers removed, currency converted → you get one clean, realistic number plus a monthly trend arrow.
That number appears as “Lootero Value” and is used everywhere: collection totals, profit/loss %, dashboard stats, etc.
The trend graph & arrows
Right under the price you’ll see a tiny line chart (last 6–12 months) and a green ↑ or red ↓ arrow.
- ↑ means the worldwide average went up this month
- ↓ means it went down
- Flat means no significant change
[image33.png + image34.png – zoom in on the graph and arrows]
“Disable AI Value” – when and why you’d ever use it
Three-dot menu on any item → Disable AI Value
This tells Lootero: “Stop checking the market. Just use the number I typed in ‘Your Estimated Value’ for all totals and graphs.”
People turn this on when:
- The item is truly one-of-a-kind (unique art, family heirloom)
- They have inside knowledge the market doesn’t (e.g. they know it’s fake or heavily restored)
- They simply prefer their own gut number
Note: once disabled, you lose the monthly trend arrows and historical graph for that item.
Important facts to know
- Prices update automatically on the 1st of every month (no work from you).
- You get a push notification from LootBot the moment any item moves ≥5 % (so you know when to sell or celebrate).
- The more fields you fill (especially Condition, Grading, Year, certificates), the faster and more accurate the first valuation becomes.
- All images are AI-safety-scanned in the background – nothing illegal or unsafe ever gets a price.
That’s the entire valuation engine explained – transparent, collector-built, and scarily accurate for most items.