This is a strong result for this nice looking tambourine. Kirchhof reissued many of their older designs in somewhat brighter colors and somewhat thinner tin in the 1950s under their "Life of the Party" manufacturing line. When you see this notation on Kirchhof products, you know right away that the item is from ~1954-1959. The original design was produced in the 1930s with a dirty yellow background and an orange rim. I actually prefer this color variant as it really stands out on a wall. (I hang all of my tambourines.) These typically don't bring more than $45-55, so this is a good result for the seller.
Mark B. Ledenbach's vintage Halloween collectibles blog.