I feel this was a tremendous amount to pay for such a damaged hat. This band hat was produced by Beistle from 1930-1931 only, so it is rare. Beistle material from their Golden Age has done very well this year. This result continues that trend line. The ending result would have been more understandable as a one-off had the condition been near-mint or better. Given the hat's unfortunate condition, the buyer did pay dearly.
Mark B. Ledenbach's vintage Halloween collectibles blog.