This is a truly aberrant result. All twelve of the designs that comprise this set produced by Beistle regularly surface. Given this example's condition, it shouldn't have brought more than $80.
This is one from a set of twelve that Beistle first released in 1932 and made for many, many seasons thereafter. However, the typical versions are a combination of orange, black, green and white. Very early in the run, Beistle issued each design in these unusual color variations that remind me of foil. These variants are difficult to locate. Please refer to pages 151-152 to see others from the set.