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Consignment Terms

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Last updated: June 18, 2026

LAP1 sells high-value Formula 1 cards on behalf of collectors through our store, live breaks, and marketplace channels. These terms summarize how consignment works. The specific commission and any special terms for your cards are confirmed with you in writing before anything is listed or sold.

How it works

Commission

Our commission is competitive and depends on the value and salability of the cards. The exact rate is disclosed to you in writing and approved by you before any card is listed. You will never owe a commission on a sale you didn't agree to.

Pricing & approvals

We price using current market comps and our read of F1 demand. Depending on the terms we agree, we may sell within a price range you approve, or check with you on offers. Nothing is sold below an agreed floor without your okay.

Grading submission

If your cards are raw and would benefit from grading, we can submit them on your behalf to PSA, CGC, SGC, or BGS. Grading fees and turnaround are set by the grading company and are passed through or shared per the terms we agree before submission. Grading outcomes are the grader's opinion and are not guaranteed by LAP1.

Insurance & care

Consigned cards are insured against loss or damage while in LAP1's possession, up to their agreed value. They are stored securely and handled in their holders. For major purchases, we arrange tracked, insured — and where appropriate, hand — delivery to the buyer.

Unsold cards

If you decide to withdraw a card before it sells, or it doesn't sell within the agreed consignment period, we return it to you via insured, tracked shipping. Return shipping terms are covered in your consignment confirmation.

Start a consignment

Email info@lap1.ai with what you'd like to consign, or use the consignment form on lap1.ai.