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CatFor some, determining the reserve is a bit pathetic and obsessive, but there seems to be at least one board member within this thread (and perhaps more) that has the means and a certain desire to purchase the card. In that instance determining the reserve is meaningful. It helps show that the true value, if the seller is trying to determine "value" without a completed sale, is "puffed up." It already appears that the bidding process on this one is a house of cards since it seems logical that the $188,000 bidder canceled his bid due to a drop in the reserve.