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This range. Rounding 8 ref to .4 as 8 / 19.06 = 0.41972717733473242392444910807975 keys.
Credit to all but my sale to Teeny Tiny Cat.
http://puu.sh/iu81S.png - 8 ref sold (took me over a day to sell it, technically not a quicksell)
http://www.tf2outpost.com/trade/26038051 - 8 ref sold
http://www.tf2outpost.com/trade/26063459 - buyer, "backpack.tf prices"
http://www.tf2outpost.com/trade/25923134 - successful buyer at 8 ref
http://i.imgur.com/Ld7DpbK.jpg - buyers at 9/9.11 ref
http://www.tf2outpost.com/trade/26127138 - sold for 1 key
http://www.tf2outpost.com/trade/25097701 - sold for 1 key
http://www.tf2outpost.com/trade/25872599 - sold for 1 key
>0.4 keys
dat low end tho
8 ref ≈ 0.4 keys :P
MR. 52 CANT HELP IT BECAUSE IT'S VALID
8 ref = quicksell imo, and the "seller for 1 key" that you copied/pasted from my suggestion is now sold.
Also buyers at 8-10 ref show that 8 ref is too low.
Honestly, it SHOULD'VE been 8 ref = instasell. There's no market for this, and if it can't technically quicksell then it's usable proof.
It sold in a day, it's a quicksell. Anyway, mods can decide.