'Fair market price' is still robbery at gun point if the item was never for sale in the first place.
Many of us did replace our firearms, but roughly half the shooters did not.
Mandatory storage in a safe was and is only about prevention of self defense with a firearm.
'Safe inspections' are a form of thuggery, a home search without a warrant intended to find evidence to charge the gun owner. Twice I have been inspected where the police stated they were not interested in the construction of the safe or how it was secured, which is what the law allows the inspection for. They were only interested in verifying the serial numbers on my guns, whether I had any unregistered and whether I had ammunition with them, which would have resulted in a charge.
I have been told, but don't have documents to verify, that there have been guns stolen on several occasions in one police command after the local cops have inspected the safe - verifying where it was to break in.
I know one dealer who was told to remove his private collection from his house because the Firearms Registry had been compromised and a shopping list distributed to organized crime.
Basically gun control is fascism.
Back in 1996 I had dropped out of shooting and given away or sold my collection when the new rules came in. I went and bought a new rifle on the last day before all licenses were cancelled, and ended up in no particular order a rifle club captain, pistol club secretary, IPSC state secretary, range officer and representative for the shooting sports at both the State & Federal ministerial level.
I wonder what I would have done with my life if I hadn't felt the need to resist government oppression.