Whereas many things sold immediately after Halloween went for a pittance, a few items, like this one, brought strong results. The unifying theme of the stronger results is that the items tended to be manufactured by Beistle. Beistle made a set of these fairy-themed hats in 1923. When they surface in conditions similar to this one, they do bring top dollar. Sustainable guide value is $250.
Mark B. Ledenbach's vintage Halloween collectibles blog.