This is an unsustainable price for this often-seen tin tambourine. Produced during the 1950s by T. Cohn, the tambourine's RSIN is "5," meaning it is common. These surface with great regularity, and typically do not bring much beyond guide value of $60. As is so often the case in these situations, one determined bidder is responsible for the ending price.
Mark B. Ledenbach's vintage Halloween collectibles blog.