A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
These matted four cards feature four movie and stage beauties that were distributed in Black Cat cigarette packages. They each measure 2.75 inches tall by 2.25 inches wide, and have been mounted in a single, four square cream matting that have some holes at the bottom and top that could be cut off for framing. Matt also has a wrinkle at the base of the four cards, so it may be better to remove cards and re-matt.
cards feature pictures of Laurie Lane, Irma Wilsen, Dorothy White, and Ginger Johnson. Reverse indicates that the pictures were included in boxes of Black Cat cigarettes by the Arcadia Works in London, England. These Four were a series of 54 in total (no 3, 11, 14, 31). Note that the back of the entire matting was sealed with a clear film, but you could remove the four pictures from the matting by cutting the clear film on the reverse to release individual cards.