The Germans produced a set of twelve different diadem or tiara designs during the 1920s. The prices for these tiaras blipped up in 2020-21 mainly due to one collector who was determined to complete her set regardless of cost. Prices for virtually all designs went to a consistent range of $1700-2100 during this brief interval. Then, the one buyer driving the market was sated. Collectors rushed their tiaras to market hoping to capitalize on the mania, but once that single-buyer bubble burst, prices very quickly drifted down to what I consider to be a sustainable level, exemplified by the ending price of this listing.
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Mark B. Ledenbach's vintage Halloween collectibles blog.