It is such a pleasant surprise to see an exceedingly rare Beistle item on the rather sad selling platform that Ebay has become. (This decay began when their management chose to compete with Amazon rather than focusing on cultivating sellers of rare, vintage goods.) This favor basket was sold from 1927-1931. Beistle made four different designs, all measuring ~4" x ~4". All of them have an RSIN of 2. The condition issues on this example could be easily rectified by a careful, competent paper restorer. (I can recommend ACA Paper Restoration in Devon, PA.) These baskets almost never become available for sale, so it'll be fun to see what this brings.
03/09 Update: Whomever was the prevailing bidder received a true bargain, snatching this up for less than $160. Bravo!