From acquisition
to resale.
An operation brings investors together to finance one piece. The proposed model uses a dedicated company and convertible bonds. Before taking part, review the item, total budget, your rights and exit terms.
Target structure in preparation. The partner crowdfunding provider, issuing company and contracts are not yet finalised. Lore&Vault does not currently hold a PSFP authorisation. No subscriptions or fundraising are open.
What you hold, in plain terms.
The company holds the piece.
A dedicated SAS handles acquisition, custody and resale of an identified object. Its governance and links to Lore&Vault will be disclosed in the offer.
You help fund its acquisition.
The proposed structure uses convertible bonds: a repayment claim against the company, with possible conversion into shares under the contract. Repayment depends on available funds. This is not direct ownership of the card.
You share in the resale outcome.
If resale produces a gain after fees and the amount raised, the model allocates 80% of that gain to participants. In a loss, repayment may be below your investment or zero. The contract will define the timeline and each party’s rights.
Inside an investment offer
The actual piece, its budget and your rights, documented before any subscription.
The selected piece
Front and back photographs, certification where available, condition and provenance. A card name alone is not enough.
The operation budget
Dated comparable sales, matching language, edition and grade. Negotiated price, costs and total shown separately.
Your investment rights
Who owns the item, who stores it, how it is insured and under what terms it can be sold.
Monitoring and resale
An item journal, supporting documents and final settlement throughout the holding period.
Proposed fees
Fees at the start.
A return linked to gains.
Of funding, charged once
Total organisation and distribution fee budget, included in funding. The allocation between Lore&Vault and its partner will be specified in the offer.
Of net gains, only if there are any
After selling costs and recovery of the funded amount. Participants retain 80% of net gains. No performance fee applies to a loss.
Target pricing: 10% of funding and 20% of positive net gains, with applicable taxes included in the displayed rates. External costs itemised separately. Allocation and terms to be confirmed in each offer before subscription. Registration is free.
For €100 in our example
- €85 for the piece
- €5 for external costs
- €10 for organisation and distribution
Fictional example: object €1,700, external costs €100, commissions €200, total funding €2,000. A €100 subscription represents 5% of the bond issue. These figures do not value the booster.
If resale is €2,500 with €75 selling costs, €2,425 remains. Net gain above the €2,000 funded is €425. The performance fee is €85; participants receive €2,340, or €117 per €100 subscribed, before personal tax. Company taxation is not modelled.
The initial 10% fee is retained after acquisition, even if there is a loss. Net gains are measured after all offer costs and the total funded amount, not just the object price. No mandatory training.
Understand with an example.Your questions, answered.
What exactly do I hold?
Today, registration creates no financial rights. The target model uses convertible bonds issued by a dedicated SAS: you are a company creditor, not a direct co-owner of the card. You become a shareholder only if conversion occurs under the contract.
Who chooses the item and its price?
Each piece needs a dossier: photos, provenance, condition, any certification, comparable sales and fees. Review the exact item before deciding. Any seller connected to Lore&Vault must be disclosed and an independent valuation is required.
When can I get my money back?
Repayment depends on resale and funds available in the company. There is no on-demand withdrawal or proposed secondary market. Maturity, extensions and conversion will be set by contract; no exit date or capital recovery is guaranteed.
How is a resale decided?
Bond terms and company articles will specify who decides a sale, bondholder rights and conversion conditions. A convertible bond does not automatically grant a co-owner vote. Lore&Vault has not finalised these rules.
Can I lose money?
Yes, up to your entire contribution. Demand, condition, authenticity, custody and costs affect the outcome. Nostalgia and rarity guarantee neither returns nor a buyer.
What if funding or acquisition fails?
The model sets a deadline and a full refund, including the service fee. Lore&Vault bears unrecoverable costs. Payment provider, fund protection and timelines must be established before funding opens. No payment is requested today.
Who holds the items?
The final dossier must identify the holder, custody location, insurance and exclusions, and continuity if the platform closes. Those arrangements are not yet in place. An item photo is not proof of ownership or insurance.
How can I check the information?
Each item page separates historical references from owned items and links its image source. Certificates should be checked with the relevant grading organization. Applicable rights and approvals must be validated before launch.
How does Lore&Vault earn revenue?
The target model budgets 10% of funding for organisation and distribution, shared between Lore&Vault and its partner, plus 20% of positive net gains at exit. Investors retain the remaining 80% of gains. Fee allocation will be disclosed in the offer. Accessories and education remain optional.
Can external costs change?
Each offer must detail company, custody, insurance and sale costs, their funding and treatment of variations. Unspent available budget is included in the balance to distribute. Missing costs in an example must not be assumed to be zero.
Will the card be delivered to me?
No. The dedicated company owns and holds the piece. You hold a bond and its contractual rights. Conversion may give company shares, not delivery of the object.
Why invest together?
To take part in a piece beyond your individual budget while seeking a gain on resale. That gain depends on the purchase price, resale price and all fees. You also accept that the item will not be sent to your home and that you cannot withdraw your money whenever you choose.
Is this a raffle or pack opening?
No. The project finances a company holding an identified object through convertible bonds. No winner is drawn and no random card is sent. No booster opening is proposed.
What happens before I enter my card details?
The planned journey uses a partner crowdfunding provider: identity checks, investor profile, offer documents, bond terms and signature. Applicable reflection periods will be built in before a final commitment. No partner is selected yet; today only free registration is available.
Can rarity or price appreciation be guaranteed?
No. Certification identifies an item and grade, not future value. A graded population is not the total number of existing copies. Rarity claims need dated sources; we do not display expected returns.