Dennison excelled in small form factor ephemera. This tri-fold ghost invitation first appeared in the 1922 Bogie Book. Everything is exquisite about this item from the unsettling expression on the ghost or ghoul to the distended lettering. Given how hot this sub-genre of collecting is right now, I'll be surprised if the ending price doesn't blow past the guide value of $65. The condition is near-perfect, as is the seller!
I am not surprised this fetched $154.50. I don't feel this is a sustainable price, but do feel the guide value is too low.