Weird, all around. It seems that there used to be three bolts straight up and then ? nothing until the anchors - which is not a gimme. Now there are three bolts parallel and below the diagonal crack, and then ? nothing until the anchors. But the climbing makes a lot more sense to traverse along that crack above the bolts, although it is as sharp as anything you'll ever climb. For now, for two reasons, this feels like a TR. The difficulty feels really consistent at 11a, so I'm starting the bidding at 11b. 

At the far left of The Reef there is a short 3-bolt climb, with no anchors. Downhill from there are two climbs with anchors side by side. This one is on the right. There is a set of rap anchors at the top, so you can come down to make a TR.