As I recall the seller was told he could expect $X and the reserve was set lower to get the bidding started then it never made the reserve so he thought he would get it back. He could have sold to another individual for more than the reserve but he honored his commitment to put it in the auction.
To the best of my knowledge it was sold "privately" by the auction house and it never resurfaced.
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There is no hunting like the hunting of man, and those who have hunted armed men long enough and liked it, never care for anything else thereafter...Earnest Hemingway
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