This is a nicely designed 1920s diecut. The Germans made few bat designs and this is the largest I know of. The Germans were proud crafters - just look at the detailing of this smallish diecut. Condition is pretty high. I appreciate the seller began this treasure at a modest $29.99. As of this writing, it has been bid up to $111. Sustainable guide value is $150.
Mark B. Ledenbach's vintage Halloween collectibles blog.