¶1OPINION
¶2Defendant shoplifted a combination radio and tape deck. He was convicted of shoplifting merchandise valued at more than $100.00 but not more than $2,500.00. Defendant challenges both the evidence and the instruction concerning value.
¶3The evidence is that the retail price of the merchandise was $119.97 and the wholesale price was $84.97. If the retail price is sufficient evidence of value, the crime was a fourth degree felony. If the wholesale price is the value evidence to be considered, the crime is a petty misdemean- or. Section 40A-16-20(B), N.M.S.A.1953 (2d Repl.Vol. 6).
¶4Our property crime statutes do not state how value is to be determined. As examples, see §§ 40A-16-1, 40A-16-6, 40A-16-7, 40A-16-11, N.M.S.A.1953 (2d Repl.Vol. 6). The decisions have used the term “market value” as the test. See State v. Gallegos, 63 N.M. 57, 312 P.2d 1067 (1957) and committee commentary to U.J.I.Crim. 16.01. The trial court instructed the jury that “value” was to be determined by “market value”, however the instruction informed the jury that value meant the “retail market value”. Defendant contends that the retail price was not evidence of market value and that the instruction erred in stating market value was the retail market value.
¶5People v. Tijerina, 1 Cal.3d 41, 81 Cal.Rptr. 264, 459 P.2d 680 (1969) states:
“In the absence of proof, however, that the price charged by a retail store from which merchandise is stolen does not accurately reflect the value of the merchandise in the retail market, that price is sufficient to establish the [reasonable and fair market] value of the merchandise ….”
¶6People v. Irrizari, 5 N.Y.2d 142, 182 N. Y.S.2d 361, 156 N.E.2d 69 (1959) states:
“ … [M]arket value … denotes not the value of the goods in the market in which the owner had purchased them or in which he could replace them, but the value in the market in which the goods were being traded, namely, the price at which they would probably have been sold in the regular course of business at the time when and place where they were stolen.”
¶7There was no evidence that the retail price did not accurately reflect the value of the merchandise on the retail markét. The evidence of the retail price was sufficient for the jury to determine there was a market value of more than $100.00. The trial court did not err in instructing that value was to be determined by the retail market price.
¶8Oral argument is unnecessary. The judgment and sentence are affirmed.
¶9It is so ordered.